Commercial Vehicle Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

In This Article:

Commercial Vehicle Group (NASDAQ:CVGI) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$171.8m (down 30% from 3Q 2023).

  • Net loss: US$883.0k (down by 112% from US$7.29m profit in 3Q 2023).

  • US$0.026 loss per share (down from US$0.22 profit in 3Q 2023).

earnings-and-revenue-history
NasdaqGS:CVGI Earnings and Revenue History November 6th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Commercial Vehicle Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 23%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 22% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 5 warning signs for Commercial Vehicle Group (of which 1 doesn't sit too well with us!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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