Commercial Vehicle Group Stock (NASDAQ: CVGI)

Commercial Vehicle Group (NASDAQ:CVGI) Stock, Quote.Headers.trade-ideas

Commercial Vehicle Group

Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications. The company makes majority of its revenue from Vehicle Solutions.

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Why Exact Sciences Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Commercial Vehicle Group, Inc. - Common Stock

Commercial Vehicle Group Inc

Guidance

Commercial Vehicle Group Cuts FY24 Net Sales Forecast From $915M - $1.015B To $900M - $960M, Est $936.515M

Andy Cheung, Chief Financial Officer, added, &quot;We are taking swift action to respond to the end market and operational challenges through restructuring and headcount reduction efforts to improve profitability. We&#39;ve incurred&nbsp;$6.8 million&nbsp;in restructuring expenses year-to-date and have reduced our headcount by more than&nbsp;10%. Additionally, we have made progress on the strategic evaluation of our Industrial Automation segment, which we believe will culminate in the&nbsp;third quarter&nbsp;of this year and is reflected in our&nbsp;guidance. We are adjusting our annual&nbsp;guidance&nbsp;ranges for fiscal year 2024 to reflect current market trends to include the deterioration in global construction and agriculture markets, and we are providing an adjusted version of the updated&nbsp;guidance&nbsp;for the Cab Structures and Industrial Automation businesses. Following closing, we anticipate that the majority of the disposition proceeds will support debt paydown as we further strengthen our balance sheet.&quot;

Commercial Vehicle Group Says Taking Swift Action To Respond To End Market And Operational Challenges Through Restructuring And Headcount Reduction Efforts To Improve Profitability

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.17 by 64.71 percent. This is a 81.25 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $229.906 million which missed the analyst consensus estimate of $237.725 million by 3.29 percent. This is a 12.31 percent decrease over sales of $262.194 million the same period last year.

Earnings Misses

Commercial Vehicle Group Q2 2024 Adj. EPS $0.06 Misses $0.17 Estimate, Sales $229.906M Miss $237.725M Estimate

Barrington Research analyst Gary Prestopino maintains Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) with a Outperform and maintains $10 price target.

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on Commercial Vehicle Group, Maintains $10 Price Target

Divestiture streamlines CVG's focus Important milestone in ongoing long-term growth strategy
NEW ALBANY, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the "Company" or "CVG") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>), a diversified industrial products and services company, today announced it reached an agreement to sell its Cab Structures business with operations in Kings Mountain, North Carolina to a Volvo Group company, effective July 31, 2024. The net proceeds of the transaction are expected to be $40 million, with closure expected in the second half of 2024. The Company expects the majority of proceeds to be used for debt paydown and other general corporate purposes.
&nbsp;
CVG expects to update its full-year 2024 outlook to reflect the impact of the Cab Structures business divestiture in its second quarter 2024 earnings release expected to be released on August 5, 2024.

Asset Sales

Commercial Vehicle Group Announces Sale Of Cab Structures Business With Operations In Kings Mountain, North Carolina To A Volvo Group Company, Effective July 31, 2024 With Net Proceeds Of ~$40M; CVG Expects To Update Its FY24 Outlook The Divestiture In Q2 2024

Commercial Vehicle Group Retained An Investment Banking Firm To Explore Strategic Alternatives For Industrial Automation Business

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) to report quarterly earnings at $1.10 per share on revenue of $22.12 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Disney shares rose 0.4% to $116.88 in after-hours trading.</li>
<li>UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) posted better-than-expected results for its first quarter on Monday. UBS shares gained 0.5% to $27.73 in the after-hours trading session.</li>
<li>Analysts are expecting Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) to post quarterly earnings at $1.52 per share on revenue of $1.77 billion. The company will release earnings after the markets close. Electronic Arts shares gained 0.6% to $131.37 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>Commercial Vehicle Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) posted downbeat results for its first quarter on Monday. Commercial Vehicle posted adjusted earnings of 13 cents per share, missing expectations of 18 cents per share. The company said it sees FY24 revenue of $915 million to $1.015 billion, versus market estimates of $968.909 million. Commercial Vehicle shares fell 2% to $5.90 in the after-hours trading session.</li>
<li>Analysts expect McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) to post quarterly earnings at $6.34 per share on revenue of $79.2327 billion after the closing bell. McKesson shares rose 0.9% to close at $533.41 on Monday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38638989/wall-streets-most-accurate-analysts-views-on-3-consumer-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Consumer Stocks Delivering High-Dividend Yields</a>

Commercial Vehicle Group Sees FY24 Revenue $915M-$1.015B Vs $968.909M Est.

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.18 by 27.78 percent. The company reported quarterly sales of $232.068 million which missed the analyst consensus estimate of $240.875 million by 3.66 percent. This is a 11.66 percent decrease over sales of $262.709 million the same period last year.

Commercial Vehicle Group Q1 2024 Adj EPS $0.13 Misses $0.18 Estimate, Sales $232.068M Miss $240.875M Estimate

Ratings for Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $10.0, a high estimate of $10.00, and a low estimate of $10.00. No alteration is observed as the current average remains at the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1715018438_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Commercial Vehicle Group by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>-</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>-</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Commercial Vehicle Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Commercial Vehicle Group compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Commercial Vehicle Group's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Commercial Vehicle Group's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CVGI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Commercial Vehicle Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Commercial Vehicle Group's Background</h2>
Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications. The company makes majority of its revenue from Vehicle Solutions.
<h3>Commercial Vehicle Group: Delving into Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Commercial Vehicle Group faced challenges, resulting in a decline of approximately -5.04% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Commercial Vehicle Group's net margin is impressive, surpassing industry averages. With a net margin of 10.44%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 14.57%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Commercial Vehicle Group's ROA stands out, surpassing industry averages. With an impressive ROA of 4.75%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Commercial Vehicle Group's debt-to-equity ratio is below the industry average. With a ratio of 1.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Commercial Vehicle Group: Insights From 4 Analyst Reviews

Barrington Research analyst Gary Prestopino reiterates Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) with a Outperform and maintains $10 price target.

Reiteration

Barrington Research Reiterates Outperform on Commercial Vehicle Group, Maintains $10 Price Target

&quot;Despite industry forecasts for a lower Class 8 truck build in 2024, we expect our financial performance in 2024 to be more resilient as we continue our diversification strategy reflecting primarily the success in growing our Electrical Systems business,&quot; said&nbsp;Andy Cheung, Chief Financial Officer

Commercial Vehicle Group Expects Full Year 2024 Net Sales Of $915M-$1.015B (Est $983.223M), Adjusted EBITDA Of $60M-$73M

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) reported quarterly Adj earnings of $0.09 per share which missed the analyst consensus estimate of $0.14 by 35.71 percent. This is a 125 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $223.10 million which missed the analyst consensus estimate of $226.24 million by 1.39 percent. This is a 5.03 percent decrease over sales of $234.92 million the same period last year.

Commercial Vehicle Group Q4 Adj EPS $0.09 Misses $0.14 Estimate, Sales $223.10M Miss $226.24M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) is estimated to report earnings for its fourth quarter.
&bull; Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) is projected to report quarterly loss at $0.29 per share on revenue of $18.11 million.
&bull; LENSAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNSR#NASDAQ">LNSR</a>) is expected to report quarterly loss at $0.22 per share on revenue of $12.00 million.
&bull; Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) is projected to report quarterly loss at $0.27 per share on revenue of $3.53 billion.
&bull; Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is estimated to report quarterly earnings at $2.35 per share on revenue of $172.02 million.
&bull; Modiv Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDV#NYSE">MDV</a>) is likely to report earnings for its fourth quarter.
&bull; GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) is estimated to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $18.05 million.
&bull; Ekso Bionics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $4.77 million.
&bull; ContextLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) is likely to report quarterly loss at $2.66 per share on revenue of $53.06 million.
&bull; Stellus Cap Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCM#NYSE">SCM</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $27.41 million.
&bull; Crawford &amp; Company Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $317.48 million.
&bull; Eos Energy Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) is likely to report quarterly loss at $0.25 per share on revenue of $9.00 million.
&bull; Southland Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SLND#AMEX">SLND</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $274.41 million.
&bull; Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $226.24 million.
&bull; Paymentus Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $157.42 million.
&bull; Northwest Pipe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWPX#NASDAQ">NWPX</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $107.35 million.
&bull; Crescent Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRGY#NYSE">CRGY</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $607.02 million.
&bull; Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $330.85 million.
&bull; Stereotaxis (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/STXS#AMEX">STXS</a>) is expected to report quarterly loss at $0.07 per share on revenue of $7.70 million.
&bull; SEMrush Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $83.11 million.
&bull; Akoya Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKYA#NASDAQ">AKYA</a>) is expected to report quarterly loss at $0.27 per share on revenue of $25.89 million.
&bull; ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) is likely to report quarterly loss at $0.13 per share on revenue of $80.33 million.
&bull; AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) is estimated to report quarterly earnings at $0.33 per share on revenue of $170.62 million.
&bull; Cara Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARA#NASDAQ">CARA</a>) is estimated to report quarterly loss at $0.41 per share on revenue of $9.42 million.
&bull; GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $158.21 million.
&bull; Viant Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSP#NASDAQ">DSP</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $65.92 million.
&bull; Vicarious Surgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBOT#NYSE">RBOT</a>) is expected to report earnings for its fourth quarter.
&bull; Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) is likely to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For March 4, 2024

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index remaining in the &quot;Extreme Greed&quot; zone on Friday.
U.S. stocks closed higher on Friday, with the Nasdaq Composite surging to an all-time high during the session. On a weekly basis, the Nasdaq gained 1.74%, while the S&amp;P 500 gained 0.95%.
NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) shares gained 4%, while Meta Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) added 2.5% on Friday. Shares of Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) jumped around 32% on Friday after the company reported better-than-expected fourth-quarter financial results and increased its annual cash dividend by 20%.
On the economic data front, the ISM manufacturing PMI declined to 47.8 in February from 49.1 a month ago, compared to market estimates of 49.5. The University of Michigan consumer sentiment for the U.S. fell to 76.9 in February versus a preliminary reading of 79.6 and versus January&rsquo;s reading of 79.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, information technology, and real estate stocks recording the biggest gains on Friday. However, utilities and financials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 91 points to 39,087.38 on Friday. The S&amp;P 500 rose 0.80% at 5,137.08, while the Nasdaq Composite climbed 1.14% at 16,274.94 during Friday&rsquo;s session.
Investors are awaiting earnings results from Global Ship Lease, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsl#NYSE">GSL</a>), Commercial Vehicle Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgi#NASDAQ">CVGI</a>), AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>), and Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) today.
At a current reading of 77.3, the index remained in the &quot;Extreme Greed&quot; zone on Friday versus a prior reading of 76.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/03/37420039/top-3-industrial-stocks-that-may-collapse-this-quarter"> Top 3 Industrial Stocks That May Collapse This Quarter </a>

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) is set to give its latest quarterly earnings report on Monday, 2024-03-04. Here's what investors need to know before the announcement.
Analysts estimate that Commercial Vehicle Group will report an earnings per share (EPS) of $0.14. 
Commercial Vehicle Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.02, which was followed by a 10.39% drop in the share price the next day.
Here's a look at Commercial Vehicle Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.24</td>
<td>0.27</td>
<td>0.14</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.22</td>
<td>0.32</td>
<td>0.28</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-10.0%</td>
<td>7.000000000000001%</td>
<td>21.0%</td>
<td>-12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709301633_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Commercial Vehicle Group were trading at $6.54 as of February 29. Over the last 52-week period, shares are down 21.52%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CVGI/earnings">To track all earnings releases for Commercial Vehicle Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Commercial Vehicle Group Earnings Preview

<h3>Gainers</h3>
<ul>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares rose 12.2% to $1.56 during Friday's after-market session. The company's market cap stands at $2.2 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) shares rose 7.4% to $0.58. The company's market cap stands at $72.5 million. </li>
<li>Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) shares moved upwards by 7.33% to $7.04. The company's market cap stands at $237.3 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares moved upwards by 5.29% to $0.1. The company's market cap stands at $5.9 million. </li>
<li>ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) stock moved upwards by 4.84% to $0.88. The market value of their outstanding shares is at $151.9 million. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares rose 3.86% to $0.62. The market value of their outstanding shares is at $151.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) shares decreased by 4.6% to $0.5 during Friday's after-market session. The company's market cap stands at $162.6 million. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares declined by 3.34% to $0.16. The company's market cap stands at $11.3 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares declined by 3.18% to $1.22. The market value of their outstanding shares is at $32.3 million. </li>
<li>Roma Green Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROMA#NASDAQ">ROMA</a>) shares fell 3.09% to $1.57. The company's market cap stands at $16.3 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares fell 2.55% to $0.15. The market value of their outstanding shares is at $5.6 million. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares fell 2.36% to $1.66. The market value of their outstanding shares is at $28.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AWIN

BURU

FTCI

HTOO

HYZN

LICN

RCRT

ROMA

12 Industrials Stocks Moving In Friday's After-Market Session

Noble Financial analyst Joe Gomes maintained a Buy rating on Commercial Vehicle Group (CVGI – Research Report) today and set a price target of $12....

Noble Financial Sticks to Its Buy Rating for Commercial Vehicle Group (CVGI)

CVG Non-GAAP EPS of $0.06 misses by $0.11, revenue of $229.91M misses by $7.81M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Commercial Vehicle Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/cvgi-stock-quote/">CVGI</a>) just reported results for the second quarter of 2024.<ul><li>Commercial Vehicle Group reported earnings per share of 6 cents. This was below the analyst estimate for EPS of 17 cents.</li><li>The company reported revenue of $229.91 million.</li><li>This was 3.29% worse than the analyst estimate for revenue of $237.72 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/cvgi-stock-earnings-commercial-vehicle-group-for-q2-of-2024/">CVGI Stock Earnings: Commercial Vehicle Group Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CVGI Stock Earnings: Commercial Vehicle Group Misses EPS, Misses Revenue for Q2 2024

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ASTE

PLOW

Management

Press Releases

CVG Announces Participation in the Sidoti Virtual Small-Cap Investor Conference

CVG Unveils STACC(TM) at MODEX 2024: Revolutionizing Micro Fulfillment

CVG Announces First Quarter 2024 Earnings Call

CVG Reports First Quarter 2024 Results

CVG Announces Second Quarter 2024 Earnings Call

General

Commercial Vehicle Group Announces Sale of Cab Structures Business

CVG Reports Second Quarter 2024 Results

CVG Announces Participation in the Barrington Research Fall Investment Conference

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