Weak report from Gentex (GNTX). Auto sector must be weakening up. Or it is possible these guys are losing share to new ADAS competitors. Q4 revenue of $350.4M is well below consensus of $369M. EPS of 24 cents missed consensus of 30 cents. The mid-point of 2015 revenue guidance, $1.47B - $1.54B, is below consensus of $1.54B. Also guiding margins lower.
Gentex provided this 2015 guidance:
If you plug all these forecasts into the income statement, this implies EPS of $0.94, below consensus of $1.06. Not much to be positive about in this report.
Michael Grove, CFA