Gentex Corporation (NASDAQ:GNTX) auto parts manufacturer, is reporting second quarter earnings results on Friday 24th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.12 per share.
For the full year, analysts predict revenues of $ 1610.08 million, while looking forward to income of $ 1.24 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,580.00 million ~ $ 1,670.00 million
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Previous Quarter Performance
Gentex Corporation came out with income for the first quarter of $ 0.36 per share, from the revenue of $ 453.76 million. The quarterly earnings decreased 10.00 percent while revenues contracted 3.16 percent compared with the same quarter last year. Street analysts expected $ 438.66 million. The top line results outshined analysts by $ 15.10 million or 3.44 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GNTX was $ 26.28, representing a 34.91 % increase from the 52 week low of $ 19.48 and a 15.96 % decrease over the 52 week high of $ 31.27.
The company has a market capital of $ 6.44 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
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Conference Call
Gentex Corporation will be hosting a conference call at 9:30 AM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gentex.com
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers. The company also manufactures and sells variable dimmable windows to aircraft manufacturers and airline operators.