Dana Q1 2024 Adj EPS $0.27 Beats $0.19 Estimate
Portfolio Pulse from Benzinga Newsdesk
Dana Inc. (NYSE:DAN) reported Q1 2024 earnings of $0.27 per share, surpassing the consensus estimate of $0.19 by 42.11%. Quarterly sales reached $2.735 billion, exceeding estimates of $2.690 billion by 1.66% and marking a 3.44% increase from the previous year.
April 30, 2024 | 12:40 pm
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Dana Inc. reported a significant beat on both earnings per share and revenue estimates for Q1 2024, with EPS at $0.27 against a $0.19 estimate and revenues of $2.735 billion against a $2.690 billion estimate.
Beating both EPS and revenue estimates significantly, especially by 42.11% for EPS, indicates strong financial health and operational efficiency. This outperformance, coupled with a year-over-year sales increase, is likely to instill investor confidence and could lead to a positive short-term price movement for Dana Inc.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100