Finance

Gentex Corporation (NASDAQ:GNTX) lost about -0.6 percent in value since last earnings

Gentex Corporation (NASDAQ:GNTX) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 26, 2017. The stock lost about -0.6 percent in price since last results when it was at $21.66 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 4 times.

Here’s how traders responded to GNTX earnings announcements over the past few quarters.

Gentex Corporation (GNTX) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 1.75 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $0.31 which missed the consensus $0.32 projection (negative surprise of-3.12%). For the quarter, revenue came in at 419.91M versus consensus estimate of 443.26M. The stock dropped -1.99 percent the session following the earnings reports were released, and on 7th day price change was -6.33 percent.

On October 20, 2016, it reported earnings at $0.32 a share compared with the consensus estimate of $0.3 per share (positive surprise of 6.67%). Revenue of 429.64M for that quarter was above the $428.43M analysts had expected. The stock retreated -2.18% the day following the earnings announcement, and on 7th day price change was -2.75%.

On July 22, 2016, it recorded $0.3 a share in earnings which topped the consensus estimate of $0.29 (positive surprise of 3.45%). Revenue for the quarter was $423.8M while analysts called for revenues to be $416.99M. The stock gained 7.62% the day following the earnings data was made public, and on 7th day price change was 8.05%.

On April 22, 2016, it announced earnings per share at $0.28 versus the consensus estimate of $0.28 per share (negative surprise of 0%). That came on revenues of $405.57M for that period. Analysts had expected $404.62M in revenue.

Gentex Corporation Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.31. The analysts’ present consensus range is $0.3-$0.32 for EPS. The market consensus range for revenue is between $435.94M and $459.5M, with an average of $444.5M.

Gentex Corporation (NASDAQ:GNTX) last ended at $21.78, sending the company’s market cap near $6.29B. The consensus 12-month price target from analysts covering the stock is $21.1. The share price has declined -0.5% from its top level in 52 weeks and dropped 11.11% this year. It recently traded in a range of $20.01-$21.8 at a volume of 1967982 shares. The recent trading ended with the price nearly 3.08 higher for the last 5 trading days, rebounding 50.57% from its 52-week low.

 

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