Gentex Q1 2024 GAAP EPS $0.47, Inline, Sales $590.225M Miss $598.011M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gentex (NASDAQ:GNTX) reported Q1 2024 earnings per share of $0.47, meeting analyst estimates, with a 11.9% increase from the previous year. However, their sales of $590.225M fell short of the expected $598.011M, a miss by 1.30%, though it represents a 7.17% increase from the previous year.
April 26, 2024 | 12:02 pm
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Gentex reported Q1 2024 earnings per share of $0.47, in line with estimates, and a sales miss by 1.30% against expectations, with a year-over-year sales increase of 7.17%.
Meeting EPS estimates while slightly missing sales forecasts suggests a neutral to slightly positive outlook for GNTX in the short term. The growth in earnings and sales year-over-year indicates underlying strength, but the sales miss could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100