Dana (NYSE:DAN) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$2.74b (flat on 2Q 2023).
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Net income: US$16.0m (down 47% from 2Q 2023).
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Profit margin: 0.6% (down from 1.1% in 2Q 2023).
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EPS: US$0.11 (down from US$0.21 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dana EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 53%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company’s shares are up 7.8% from a week ago.
Risk Analysis
We don’t want to rain on the parade too much, but we did also find 2 warning signs for Dana that you need to be mindful of.
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