Garrett Motion (NASDAQ:GTX) is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.
Analysts estimate that Garrett Motion will report an earnings per share (EPS) of $0.29.
Anticipation surrounds Garrett Motion's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Performance in Previous Earnings
The company's EPS beat by $0.01 in the last quarter, leading to a 8.68% increase in the share price on the following day.
Here's a look at Garrett Motion's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.27 | 0.25 | 0.22 | 0.22 |
| EPS Actual | 0.28 | 0.28 | 0.22 | 0.23 |
| Price Change % | 9.0% | -1.0% | 1.0% | 1.0% |
Tracking Garrett Motion's Stock Performance
Shares of Garrett Motion were trading at $8.0 as of October 22. Over the last 52-week period, shares are up 13.96%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Garrett Motion visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
