GTX Stock Recent News

Finding game-changing stocks in today's relatively overvalued and volatile market isn't as straightforward as it was when initial rate cuts drove top stocks to rock bottom prices. While many quickly point to tech stocks as the main wealth-unlocking stocks in today's economy, forward-thinking investors recognize the importance of diversifying across industries, geographic locations, size, scale, and more.

Finding value stocks to buy — especially if you're trying to emulate Warren Buffett — isn't nearly as easy as copying trades from Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ). Something many amateur Buffett aficionados overlook is that, when it comes to finding value stocks to buy, Warren Buffett's choices are surprisingly slim.

Garrett Motion (GTX) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

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.

“Undervalued stocks” is a relative term — for some, it may mean a tech stock in a temporary dip; for others, it means deep value stock analysis involving obscure and esoteric multiples and calculations. These companies blend the best of undervalued stock objectives.

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.