NN Inc reports results for the quarter ended December 31 - Earnings Summary

• NN Inc NNBR.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of four analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -6 cents to -5 cents per share.

• Revenue fell 5.3% to $106.51 million from a year ago; analysts expected $110.20 million.

• NN Inc's reported EPS for the quarter was a loss of 51 cents​.

• The company reported a quarterly loss of $20.98 million.

• NN Inc shares had fallen by 17.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for NN Inc is $7.00

This summary was machine generated from LSEG data March 6 at 06:38 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)