Gentex(US:GNTX) ZACKS·2024-10-25 18:30Core Insights - Gentex (GNTX) reported revenue of $608.53 million for Q3 2024, a year-over-year increase of 5.7% and an EPS of $0.53 compared to $0.45 a year ago, with a slight revenue miss against the Zacks Consensus Estimate of $611.33 million, resulting in a surprise of -0.46% [1] - The company delivered an EPS surprise of +6.00%, with the consensus EPS estimate being $0.50 [1] Revenue and Earnings Performance - Revenue from Automotive Products was $596.50 million, slightly below the three-analyst average estimate of $598.51 million, representing a year-over-year change of +5.7% [2] - Other revenue was reported at $12 million, compared to the average estimate of $12.99 million, reflecting a +6.2% change year-over-year [2] Auto-Dimming Mirror Shipments - Total Interior Mirrors shipped were 7.86 million, slightly below the average estimate of 7.91 million [2] - Total Exterior Mirrors shipped were 4.36 million, compared to the average estimate of 4.47 million [2] - Total Auto-Dimming Mirror Units shipped were 12.22 million, against the average estimate of 12.38 million [2] - North American Mirror Units shipped totaled 3.82 million, below the average estimate of 3.96 million [2] - International Exterior Mirrors shipped were 2.83 million, matching the average estimate [2] - North American Exterior Mirrors shipped were 1.53 million, below the average estimate of 1.64 million [2] - Total International Mirror Units shipped were 8.4 million, slightly below the average estimate of 8.42 million [2] - International Interior Mirrors shipped were 5.57 million, compared to the average estimate of 5.59 million [2] - North American Interior Mirrors shipped totaled 2.29 million, below the average estimate of 2.32 million [2] Stock Performance - Gentex shares have returned -4.2% over the past month, while the Zacks S&P 500 composite has increased by +1.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance against the broader market in the near term [3]