Continental (CTTAY) Expected to Announce Quarterly Earnings on Wednesday

Continental (OTCMKTS:CTTAY) is expected to 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 issued 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 analysts’ expectations 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 Stock Performance

Shares of OTCMKTS CTTAY opened at $7.51 on Wednesday. Continental has a twelve month low of $6.61 and a twelve month high of $8.97. The business has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $7.94.

Wall Street Analyst Weigh In

Several research firms recently commented on CTTAY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Sanford C. Bernstein upgraded Continental from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 8th. Finally, Kepler Capital Markets cut shares of Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.