Phinia Inc reports results for the quarter ended March 31 - Earnings Summary

• Phinia Inc PHIN.N reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of five analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 91 cents to $1.16 per share.

• Revenue was $796.00 million​; analysts expected $814.39 million.

• Phinia Inc's reported EPS for the quarter was 63 cents​.

• The company reported quarterly net income of $26 million.

• Phinia Inc shares had risen by 3.7% this quarter and lost 8.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "buy"

• Wall Street's median 12-month price target for Phinia Inc is $53.00

This summary was machine generated from LSEG data April 25 at 01:31 p.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)