NN Inc reports results for the quarter ended June 30 - Earnings Summary

• NN Inc NNBR.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of four analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -2 cents to 1 cents per share.

• Revenue fell 12.3% to $107.92 million from a year ago; analysts expected $110.79 million.

• NN Inc's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $8.1 million.

• NN Inc shares had risen by 1.9% this quarter and lost 34.6% so far this year.

FORECAST CHANGES

• 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 3 "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 $6.00, about 64.3% above its last closing price of $2.14

This summary was machine generated from LSEG data August 7 at 12:35 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)