NNBR Earnings Prediction
The chart below shows how NNBR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NNBR sees a -2.73% change in stock price 10 days leading up to the earnings, and a -4.59% change 10 days following the report. On the earnings day itself, the stock moves by +0.97%. This data can give you a slight idea of what to expect for the next quarter's release.
NNBR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
113.59M
-8.72%
-7.65%
Gross Margin
4.94%
-26.16%
-39.09%
Operating Margin
-3.30%
50.00%
88.57%
Net Margin
-2.25%
-44.58%
25.70%
EPS
-0.13
-27.78%
8.33%
No Data Available
NNBR Earnings Analysis
NN Inc Corporation (NNBR.O) Earnings Conference Call
Positive
Sales and Profit Surge: Record sales and profits in China, with a 19% year-over-year increase in sales.
New Wins Achievement: Achieved over $100 million in new wins over the last 21 months, indicating strong market demand.
Operating Income Improvement: Operating income improved significantly, with adjusted EBITDA results of $11.6 million compared to $14.6 million in the prior year period.
EBITDA Margin Target: The company is on track to achieve a 10% adjusted EBITDA margin in North American mobile solutions by 2025.
New Business Opportunities Growth: The pipeline for new business opportunities has grown to approximately $230 million, reflecting strong future growth potential.
Negative
Net Sales Decline: Net sales for the third quarter were $113.6 million, declining by $10.8 million versus last year.
Quarterly Operating Loss Increase: Operating loss for the third quarter was $3.8 million, an increase of $1.1 million compared to the prior year third quarter.
Adjusted EBITDA Decline: Adjusted EBITDA results were $11.6 million, compared to $14.6 million in the prior year period.
Adjusted EBITDA Decline: On a pro forma basis, adjusted EBITDA declined slightly by $1.3 million, mainly due to the unfavorable mix in Power Solutions.
Operating Income Decline: Our operating income was $1.3 million versus $3.6 million in last year's third quarter.
NNBR FAQs
How does NNBR typically perform around its earnings report dates?
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NNBR Earning Call Sentiment
NN, Inc. (NNBR) Q3 2024 Earnings Call Transcript
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00:00
00:00
NNBR.O
-0.63%Positive
The earnings call summary highlights several concerning factors: declining net sales and operating losses, negative financial metrics, and no share repurchase or dividend announcements. The Q&A section reveals unclear management responses and ongoing risks in refinancing and market demand. Despite some positive aspects like medical segment growth and improved leverage ratio, the overall sentiment remains negative due to weak financial performance and uncertain market conditions. The lack of explicit guidance improvement and absence of shareholder return plans further contribute to a negative sentiment.
