Commercial Vehicle Group Q2 2024 Adj. EPS $0.06 Misses $0.17 Estimate, Sales $229.906M Miss $237.725M Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Vehicle Group (NASDAQ:CVGI) reported Q2 2024 earnings of $0.06 per share, missing the analyst estimate of $0.17 by 64.71%. Sales were $229.906M, also missing the estimate of $237.725M. Both earnings and sales showed significant declines compared to the same period last year.
August 05, 2024 | 8:41 pm
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Commercial Vehicle Group (NASDAQ:CVGI) reported Q2 2024 earnings of $0.06 per share, missing the analyst estimate of $0.17 by 64.71%. Sales were $229.906M, also missing the estimate of $237.725M. Both earnings and sales showed significant declines compared to the same period last year.
The significant miss on both earnings and sales estimates, along with the year-over-year declines, is likely to negatively impact CVGI's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100