Stock Analysis
Gentex (NASDAQ:GNTX) First Quarter 2024 Results
Key Financial Results
- Revenue: US$590.2m (up 7.2% from 1Q 2023).
- Net income: US$108.2m (up 13% from 1Q 2023).
- Profit margin: 18% (in line with 1Q 2023).
- EPS: US$0.47 (up from US$0.42 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gentex Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 1.0%.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in the US.
Performance of the American Auto Components industry.
The company's shares are up 2.4% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Gentex's balance sheet.
Valuation is complex, but we're helping make it simple.
Find out whether Gentex is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:GNTX
Gentex
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally.
Flawless balance sheet with proven track record and pays a dividend.