Gentex Corp reports results for the quarter ended June 30 - Earnings Summary

• Gentex Corp GNTX.OQ reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of seven analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 33 cents to 42 cents per share.

• Revenue rose 14.8% to $657.86 million from a year ago; analysts expected $613.07 million.

• Gentex Corp's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $96.04 million.

• Gentex Corp shares had risen by 7.3% this quarter and lost 17.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "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 Gentex Corp is $25.50, about 7.5% above its last closing price of $23.60

This summary was machine generated from LSEG data July 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)