Commercial Vehicle Group Q1 2024 Adj EPS $0.13 Misses $0.18 Estimate, Sales $232.068M Miss $240.875M Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Vehicle Group (CVGI) reported Q1 2024 earnings of $0.13 per share, missing the consensus estimate of $0.18. Sales were $232.068M, below the $240.875M estimate, marking an 11.66% decrease from the previous year.
May 06, 2024 | 9:26 pm
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Commercial Vehicle Group's Q1 2024 earnings and sales missed estimates, with a significant year-over-year sales decrease.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100