GN Store Nord (GNNDY) Projected to Post Quarterly Earnings on Thursday

Key Points

• GN Store Nord is expected to report quarterly earnings after market close on Thursday, November 5. Analysts forecast earnings of $0.832 per share and revenue of $342.73 million.
• The company’s previous quarter fell short of earnings expectations, reporting a loss of $0.69 per share versus the expected loss of $0.28, though revenue exceeded estimates.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating following Zacks Research’s upgrade from “strong sell” to “hold.”

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) is expected to be posting its results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of $0.8320 per share and revenue of $342.73 million for the quarter.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.41). GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%. The firm had revenue of $337.72 million for the quarter, compared to analyst estimates of $334.16 million. On average, analysts expect GN Store Nord to post $0.79 EPS for the current fiscal year and $1.21 EPS for the next fiscal year.

GN Store Nord Trading Down 1.5%

GN Store Nord stock opened at $50.54 on Thursday. The stock has a 50-day moving average price of $46.76 and a 200 day moving average price of $45.70. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -28.08 and a beta of 1.65. GN Store Nord has a 52 week low of $39.45 and a 52 week high of $55.78. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.78.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of GN Store Nord from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold".

About GN Store Nord

GN Store Nord A/S is a Danish technology company headquartered in Ballerup, Denmark. Founded in 1869 as the Great Northern Telegraph Company, it has evolved into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN's GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.

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