We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gentex (GNTX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended June 2023, Gentex (GNTX - Free Report) reported revenue of $583.47 million, up 25.9% over the same period last year. EPS came in at $0.47, compared to $0.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $539.04 million, representing a surprise of +8.24%. The company delivered an EPS surprise of +17.50%, with the consensus EPS estimate being $0.40.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gentex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Auto-Dimming Mirror Shipments - Total Interior Mirrors: 8019 thousand versus 7980.88 thousand estimated by three analysts on average.
Auto-Dimming Mirror Shipments - Total Exterior Mirrors: 4902 thousand versus the three-analyst average estimate of 4180.9 thousand.
Auto-Dimming Mirror Shipments - Total Auto-Dimming Mirror Units: 12921 thousand versus 12161.78 thousand estimated by three analysts on average.
Auto-Dimming Mirror Shipments - Total North American Mirror Units: 4199 thousand compared to the 4053.75 thousand average estimate based on three analysts.
Auto-Dimming Mirror Shipments - International Exterior Mirrors: 3102 thousand versus the three-analyst average estimate of 2529.01 thousand.
Auto-Dimming Mirror Shipments - North American Exterior Mirrors: 1800 thousand versus the three-analyst average estimate of 1651.89 thousand.
Auto-Dimming Mirror Shipments - Total International Mirror Units: 8722 thousand compared to the 8108.04 thousand average estimate based on three analysts.
Auto-Dimming Mirror Shipments - International Interior Mirrors: 5620 thousand versus 5578.7 thousand estimated by three analysts on average.
Auto-Dimming Mirror Shipments - North American Interior Mirrors: 2399 thousand versus 2402.19 thousand estimated by three analysts on average.
Revenue- Other: $9.40 million versus the three-analyst average estimate of $11.55 million. The reported number represents a year-over-year change of -10.5%.
Revenue- Automotive Products: $574.10 million versus the three-analyst average estimate of $526.03 million. The reported number represents a year-over-year change of +26.8%.
Shares of Gentex have returned +8.8% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gentex (GNTX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Gentex (GNTX - Free Report) reported revenue of $583.47 million, up 25.9% over the same period last year. EPS came in at $0.47, compared to $0.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $539.04 million, representing a surprise of +8.24%. The company delivered an EPS surprise of +17.50%, with the consensus EPS estimate being $0.40.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gentex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Auto-Dimming Mirror Shipments - Total Interior Mirrors: 8019 thousand versus 7980.88 thousand estimated by three analysts on average.
- Auto-Dimming Mirror Shipments - Total Exterior Mirrors: 4902 thousand versus the three-analyst average estimate of 4180.9 thousand.
- Auto-Dimming Mirror Shipments - Total Auto-Dimming Mirror Units: 12921 thousand versus 12161.78 thousand estimated by three analysts on average.
- Auto-Dimming Mirror Shipments - Total North American Mirror Units: 4199 thousand compared to the 4053.75 thousand average estimate based on three analysts.
- Auto-Dimming Mirror Shipments - International Exterior Mirrors: 3102 thousand versus the three-analyst average estimate of 2529.01 thousand.
- Auto-Dimming Mirror Shipments - North American Exterior Mirrors: 1800 thousand versus the three-analyst average estimate of 1651.89 thousand.
- Auto-Dimming Mirror Shipments - Total International Mirror Units: 8722 thousand compared to the 8108.04 thousand average estimate based on three analysts.
- Auto-Dimming Mirror Shipments - International Interior Mirrors: 5620 thousand versus 5578.7 thousand estimated by three analysts on average.
- Auto-Dimming Mirror Shipments - North American Interior Mirrors: 2399 thousand versus 2402.19 thousand estimated by three analysts on average.
- Revenue- Other: $9.40 million versus the three-analyst average estimate of $11.55 million. The reported number represents a year-over-year change of -10.5%.
- Revenue- Automotive Products: $574.10 million versus the three-analyst average estimate of $526.03 million. The reported number represents a year-over-year change of +26.8%.
View all Key Company Metrics for Gentex here>>>Shares of Gentex have returned +8.8% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.