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Dana (DAN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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Dana (DAN - Free Report) reported $2.74 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.4%. EPS of $0.02 for the same period compares to $0.25 a year ago.
The reported revenue represents a surprise of +2.93% over the Zacks Consensus Estimate of $2.66 billion. With the consensus EPS estimate being $0.10, the EPS surprise was -80.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Light Vehicle: $1.10 billion versus $979.30 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.
Sales- Power Technologies: $332 million versus $326.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.4% change.
Sales- Off-Highway: $781 million versus $815.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
Sales- Commercial Vehicle: $524 million compared to the $551.25 million average estimate based on two analysts. The reported number represents a change of +0.4% year over year.
Shares of Dana have returned -0.2% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Dana (DAN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Dana (DAN - Free Report) reported $2.74 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.4%. EPS of $0.02 for the same period compares to $0.25 a year ago.
The reported revenue represents a surprise of +2.93% over the Zacks Consensus Estimate of $2.66 billion. With the consensus EPS estimate being $0.10, the EPS surprise was -80.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Dana performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Light Vehicle: $1.10 billion versus $979.30 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.1% change.
- Sales- Power Technologies: $332 million versus $326.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.4% change.
- Sales- Off-Highway: $781 million versus $815.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
- Sales- Commercial Vehicle: $524 million compared to the $551.25 million average estimate based on two analysts. The reported number represents a change of +0.4% year over year.
View all Key Company Metrics for Dana here>>>Shares of Dana have returned -0.2% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.