Gentex Earnings: Here’s Why Investors Like These Results
Gentex Corp. (NASDAQ:GNTX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2%.
Gentex Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.32 in the quarter as EPS of $0.32 in the year-earlier quarter.
Revenue: Decreased 7.3% to $269.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gentex Corp. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $268.13 million.
Quoting Management: “We are happy to report that our gross profit margin improved sequentially in the first quarter of 2013, despite difficult production environments in the regions of Japan and Korea, and Europe, which account for the majority of the Company’s unit shipments,” said Gentex Chairman of the Board and Chief Executive Officer Fred Bauer. “We also are pleased that we are continuing to demonstrate positive efficiencies within our operating expenses.”
Key Stats (on next page)…
Revenue increased 3.51% from $260.35 million in the previous quarter. EPS increased 6.67% from $0.30 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.29 to a profit $0.30. For the current year, the average estimate has moved up from a profit of $1.17 to a profit of $1.21 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)