Dana Incorporated Stock: Getting Close To An Upgrade
Dana Incorporated shares plunged after management announced disappointing revenue and earnings results for the third quarter of the company's 2024 fiscal year. It doesn't help that the business also reduced guidance for the year, with revenue now expected to be well below what it was previously. Even with these troubles, though, DAN stock is incredibly cheap and investors would be wise to remain bullish on the business.
Dana, Inc. (DAN) Q3 2024 Earnings Call Transcript
Dana, Inc. (NYSE:DAN ) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Craig Barber - Senior Director, IR and Corporate Communications James Kamsickas - Chairman & CEO Timothy Kraus - SVP & CFO Conference Call Participants Tom Narayan - RBC Colin Langan - Wells Fargo James Picariello - BNP Paribas Bruno Dossena - Wolfe Research Joe Spak - UBS Dan Levy - Barclays Operator Good morning, and welcome to Dana Incorporated's Third Quarter 2024 Financial Webcast and Conference Call. My name is Regina, and I will be your conference facilitator.
Dana (DAN) Q3 Earnings and Revenues Lag Estimates
Dana (DAN) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.30 per share a year ago.
Author Dana Mattioli on "Amazon's Ruthless Quest"
"Jeff [Bezos] always had a plan for this to be the company that we see today. "
Dana (DAN) Upgraded to Buy: What Does It Mean for the Stock?
Dana (DAN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Is Dana (DAN) a Great Value Stock Right Now?
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.
Dana Better Than It Looks, But End-Market Trends Are Really Tough Now
Dana's outlook has weakened, particularly in off-highway and electrification, leading to a significant decline in share price since the last update. Q2 results were mixed; revenue declined slightly, but operational efficiency efforts helped maintain margins despite weaker demand and electrification pushouts. Near-term drivers for Dana are limited, with commercial trucks and off-highway markets expected to remain weak, though light trucks and long-term remain positive.
Dana Incorporated (DAN) Q2 2024 Earnings Call Transcript
Dana Incorporated (NYSE:DAN ) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Craig Barber - Senior Director, IR and Corporate Communications James Kamsickas - Chairman and CEO Timothy Kraus - SVP and CFO Conference Call Participants Colin Langan - Wells Fargo Tom Narayan - RBC Dan Levy - Barclays Joseph Spak - UBS Jake Scholl - BNP Paribas Operator Good morning and welcome. Dana Incorporated's Second Quarter 2024 Financial Webcast and Conference Call.
Dana (DAN) Q2 Earnings and Revenues Beat Estimates
Dana (DAN) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.37 per share a year ago.
Here's how much Peloton stock is down since Dana White's boycott
Since Dana White, the CEO of one of the biggest sports brands in the world, the Ultimate Fighting Championship (UFC), decided to throw out all Peloton bikes from his training facilities last year, Peloton (NASDAQ: PTON) stock has been struggling to return to its former glory.
5 Broker-Loved Stocks to Keep a Tab On as Inflation Cools
Investors would do well to monitor stocks like American Axle (AXL), Dana (DAN), AMC Entertainment (AMC), Centene (CNC) and Archer Daniels (ADM) for higher returns.
Dana Incorporated: Patience Should Be Well Rewarded
Dana Incorporated's share price has underperformed the broader market, but the company's revenue and cash flows have been generally positive. The company's revenue increased by 3.9% in the last fiscal year, driven by organic growth in Europe and light truck and medium/heavy truck production. Despite some weaknesses in profitability, management remains optimistic about the company's future and expects revenue and EBITDA to increase in the next fiscal year.
