GTX Stock Recent News

ROLLE, Switzerland, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated technology provider for the automotive industry, today announced it plans to issue financial results for the third quarter 2022 on Wednesday, October 26, 2022, before the open of market trading.

Garrett Motion is the market leader with ~32% volume share and ~36% value share in the $10 billion global turbocharger industry. The company looks cheap at ~6 to ~7 times its expected earnings in 2022.

Garret Motion redeemed all of its Series B stock in June, much earlier than expected. The company has recently upped its guidance, and given the current progress, it is on its way to achieving it despite the macroeconomic turmoil.

Garrett Motion Inc. (NASDAQ:GTX ) Q2 2022 Earnings Conference Call July 28, 2022 8:30 AM ET Company Participants Paul Blalock – Vice President, Investor Relations Olivier Rabiller – President and Chief Executive Officer Sean Deason – Senior Vice President and Chief Financial Officer Conference Call Participants Brian Sponheimer – Gabelli Funds Chris McIntyre – McIntyre Partnerships Hamed Khorsand – BWS Financial Operator Hello, my name is Michelle Fleischer and I'll be your operator this morning. I would like to welcome everyone to the Garrett Motion Conference Call.

Garrett Motion (GTX) delivered earnings and revenue surprises of -40% and 2.39%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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

After emerging from a reorganization last year, Garrett Motion looks to a new chapter in its history.

The undervaluation persists but the company is going in the right direction. The capital structure clean up is progressing and ahead of schedule.

Garrett has shown strong improvements on its balance sheet since its emergence from the Chapter 11 bankruptcy. Even though the leverage is high, the trajectory shows that it is likely to change in the near future.

Garrett Motion (GTX) delivered earnings and revenue surprises of -28.57% and 4.52%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?