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CVGIBearishEarningsnews
Materiality pending

Commercial Vehicle Group (CVGI) Misses Q1 Earnings and Revenue Estimates

May 6, 2024, 7:40 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- CVGI reported earnings of $0.13 per share, missing estimates and down from $0.28 last year. - Revenues were $232.07 million, missing estimates by 4.11% and down from $262.71 million. - CVGI shares have fallen 14.7% this year while S&P 500 gained 7.5%. - Estimate revisions for CVGI are mixed, with a Zacks Rank #3 (Hold). - Strattec Security (STRT) is expected to post earnings of $0.10 per share, up 117.5%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • CVGI reported earnings of $0.13 per share, missing estimates and down from $0.28 last year.
  • Revenues were $232.07 million, missing estimates by 4.11% and down from $262.71 million.
  • CVGI shares have fallen 14.7% this year while S&P 500 gained 7.5%.
  • Estimate revisions for CVGI are mixed, with a Zacks Rank #3 (Hold).
  • Strattec Security (STRT) is expected to post earnings of $0.10 per share, up 117.5%.

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