Gentex (GNTX) Q3 Earnings and Revenues Lag Estimates

Core Viewpoint - Gentex (GNTX) reported quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.47 per share, and down from $0.53 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -2.13%, with the company previously exceeding expectations by +17.5% in the prior quarter [2] - Revenues for the quarter were $655.24 million, missing the Zacks Consensus Estimate by 2.75%, compared to $608.53 million in the same quarter last year [3] - Over the last four quarters, Gentex has surpassed consensus EPS estimates only once and has topped revenue estimates just once [2][3] Stock Performance - Gentex shares have declined approximately 8.4% year-to-date, while the S&P 500 has gained 14.6% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $620.5 million, and for the current fiscal year, it is $1.79 on revenues of $2.53 billion [8] - The outlook for the automotive industry, where Gentex operates, is favorable, as it ranks in the top 33% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries [9]