Dana Second Quarter 2024 Earnings: EPS Misses Expectations

Dana (NYSE:DAN) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.74b (flat on 2Q 2023).

  • Net income: US$16.0m (down 47% from 2Q 2023).

  • Profit margin: 0.6% (down from 1.1% in 2Q 2023).

  • EPS: US$0.11 (down from US$0.21 in 2Q 2023).

earnings-and-revenue-growth

earnings-and-revenue-growth

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Go to Source