Greenland Technologies Holding Co. (NASDAQ:GTEC) to Post Q3 2024 Earnings of $0.01 Per Share, Litchfield Hills Research Forecasts

Greenland Technologies Holding Co. (NASDAQ:GTEC) – Analysts at Litchfield Hills Research lowered their Q3 2024 earnings per share (EPS) estimates for Greenland Technologies in a research report issued to clients and investors on Wednesday, September 4th. Litchfield Hills Research analyst T. O’neill now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.04. The consensus estimate for Greenland Technologies’ current full-year earnings is $0.39 per share. Litchfield Hills Research also issued estimates for Greenland Technologies’ Q4 2024 earnings at $0.02 EPS.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.17. The business had revenue of $23.02 million during the quarter, compared to analyst estimates of $24.00 million. Greenland Technologies had a negative return on equity of 24.95% and a negative net margin of 13.91%.

Greenland Technologies Trading Down 3.3 %

Shares of NASDAQ:GTEC opened at $2.06 on Thursday. The company has a 50 day moving average price of $1.75 and a 200 day moving average price of $1.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.28 and a current ratio of 1.60. Greenland Technologies has a 1-year low of $1.36 and a 1-year high of $5.10. The stock has a market capitalization of $28.01 million, a price-to-earnings ratio of -1.82 and a beta of 1.46.

About Greenland Technologies

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions.