GTX Stock Recent News
GTX LATEST HEADLINES
Garrett Motion (GTX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.13 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Garrett Motion met Wall Street's expectations for fourth-quarter revenue and earnings -- but also arrived above the midpoints of its own guidance ranges. The company set a record for quarterly EBITDA.
ROLLE, Switzerland, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the fourth quarter and full year 2023 on Thursday, February 15, 2024 before the open of market trading. Garrett will hold a conference call the same day at 8:30 am EDT / 2:30 pm CET.
GTX's revenue has grown at a CAGR of 4%, while its margins have declined and debt has ticked up. The company is heavily negatively exposed to the EV transition, with the majority of its revenue relative to petrol/diesel cars and the use case of turbochargers in the future uncertain. The company is investing heavily in R&D but it is too early to say if GTX will be successful with its transition.
GTX, MOND and LSTR have been added to the Zacks Rank #5 (Strong Sell) List on November 29, 2023.
AKZOY, GTX and HROW have been added to the Zacks Rank #5 (Strong Sell) List on November 14, 2023.
Garrett Motion (GTX) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.21 per share a year ago.
Garrett Motion (GTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Garrett Motion is a leading automotive technology company specializing in turbocharging and electric boosting solutions. Although they play an important role in internal combustion vehicles, they are actively involved in developing solutions for electrified powertrains and vehicle electrification. Despite the industry's sensitivity to economic cycles, the company is currently trading at a very low multiple of 5x EBITDA, presenting a compelling deep-value opportunity.