GTX Stock Recent News
GTX LATEST HEADLINES
Garrett Motion (GTX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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.
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NYSE: GTX) and China National Heavy Duty Truck Group Co., Ltd.
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.
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a global leader in automotive technology, announced today the establishment of a new zero-emission innovation center in Wuhan, China.
ROLLE, Switzerland and PLYMOUTH, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the third quarter 2024 on Thursday, October 24, 2024, before the open of market trading in the United States.
Garrett Motion (GTX) is well-positioned to benefit from ongoing demand for turbochargers, with market growth expected between 7.0% and 9.6% CAGR. Despite the rise of EVs, GTX's strong R&D in zero-emission solutions and established manufacturer relationships ensure its relevance in the future automotive landscape. GTX's Q2 results showed improved margins and strong cash flows despite reduced guidance, highlighting the resilience of its variable cost structure.
Investing in undervalued stocks gives investors an edge in capitalizing on companies with high growth potential. Listing these stocks involves scanning the fundamentals, which helps mark potential the market might overlook.
Investing in low-cost growth stocks requires understanding the underlying companies' fundamentals. Monitoring the core metrics and operational strengths is vital to assessing a company's long-term viability and growth potential.
Garrett delivered a mixed quarterly result, and lowered full-year revenue guidance. The company is making all the right moves, but investors will need to be patient during a tough time for automakers.