Gentex Earnings: Here’s Why the Stock is Rising Now

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 1.07%.

Gentex Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 28.57% to $0.36 in the quarter versus EPS of $0.28 in the year-earlier quarter.

Revenue: Rose 2.4% to $287 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gentex Corp. reported adjusted EPS income of $0.36 per share. By that measure, the company beat the mean analyst estimate of $0.32. It beat the average revenue estimate of $274.52 million.

Quoting Management: “Gentex is very pleased to report that in second quarter of 2013, the Company experienced increases in net sales, gross profit as well as net income versus the second quarter of 2012 and the first quarter of 2013, with continuing positive efficiencies within our operating expenses,” said Gentex Chairman of the Board and Chief Executive Officer Fred Bauer.

Key Stats (on next page)…

Revenue increased 6.49% from $269.5 million in the previous quarter. EPS increased 12.5% from $0.32 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.31 and has not changed. For the current year, the average estimate has moved up from a profit of $1.25 to a profit of $1.26 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)

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