Garrett Motion First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.2023-04-27

Garrett Motion (NASDAQ:GTX) First Quarter 2023 Results Key Financial Results Revenue: US$970.0m (up 7.7% from 1Q 2022). Net income: US$9.00m (down 10.0% from 1Q 2022). Profit margin: 0.9% (down from ...

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The decrease in margin was driven by higher expenses.\nEPS: US$0.14 (down from US$0.15 in 1Q 2022).\n\n\n\n\n  NasdaqGS:GTX Earnings and Revenue Growth April 27th 2023\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nGarrett Motion Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 37%. \n Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Auto Components industry in the US. \nPerformance of the American Auto Components industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n You should learn about the   3 warning signs  we've spotted with Garrett Motion (including 1 which can't be ignored). \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nJoin A Paid User Research SessionYou’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. 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