Continental (CTTAY) Set to Announce Quarterly Earnings on Wednesday

Continental (OTCMKTS:CTTAY) will likely be issuing its results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $0.1524 per share and revenue of $3.96 billion for the quarter.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. On average, analysts expect Continental to post $0.67 EPS for the current fiscal year and $0.72 EPS for the next fiscal year.

Continental Price Performance

Shares of Continental stock opened at $7.51 on Wednesday. Continental has a 12 month low of $6.61 and a 12 month high of $8.97. The business has a fifty day simple moving average of $7.90 and a two-hundred day simple moving average of $7.94.

Wall Street Analysts Forecast Growth

CTTAY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Sanford C. Bernstein upgraded shares of Continental from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 8th. Oddo Bhf raised shares of Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Finally, Kepler Capital Markets cut Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Continental Company Profile

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.