Dana Incorporated [DAN]: What to Expect when It Reports Earnings

Earnings from Dana Incorporated [DAN] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.

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DAN Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.47 per share on revenue of $2.02B. Taking a look at the future, the company is projected to report revenue of $2.03B at an earnings per share of $0.53 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 9.10% in revenue and 37.37% in earnings per share for the company.

DAN Stock Earnings Forecast For The Current Year

For the full financial year, Dana Incorporated [NYSE:DAN] is forecasted to generate revenue of $8.49B. The figure is about $1.38 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $2.24 in 2021, which is $1.85 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 474.40% this year, 37.90% next year, and 71.57% annually over the next five years. With regard to sales, forecasts suggest an incline of 19.50% in current fiscal year and 9.10% over following year.

DAN Stock Price Performance

At the close of Tuesday’s session, Dana Incorporated [NYSE:DAN] finished up 1.39% at $27.67. The stock’s highest single-day price was $27.72, and its lowest was $27.04. Its price rose 7.50% in the last five days. Since the beginning of the year, Dana Incorporated’s shares are up nearly 41.75%. However, the share price is -2.37% below its one year high. The top price reached by the shares of the company was $28.34 on 04/26/21, while the 52-week low came on 01/04/21, when the shares were $18.75. In the past year, shares of the company have risen 187.93%. At 50 days, the moving average achieved is $24.97 while at 200 days, the moving average is $18.45. There were 0.72 million shares traded in the last session, down from 1.16 million in the previous session.

Dana Incorporated [NYSE:DAN] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.55 PS value ratio is reported for the last one year of reported earnings. This is below the average return 0.86 for the industry, which means DAN offers an attractive investment opportunity than its competitors do.

DAN Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 27.67 level, and the violation of this level will cause a further drop to 27.23 level. At the upper end, 28.59 remains a key resistance. As the stock increases, it may find resistance at 28.16. In the 14-day chart, the Relative Strength Index standing at 61.87 suggests a technical neutral stance while the MACD standing at 1.07 indicates price will increase in the next trading period. Stochastic %K at 85.17% suggests selling the stock while Percent R indicator at 14.65% suggests bullish price movement.

How much is the short interest in Dana Incorporated?

There have been a drop in short interest in the Dana Incorporated Financial stock, with short interest up by 0.58 million shares to 2.56 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 3.14 million shares. This -22.66% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 2.46% of the overall float in the stock, while the stock’s days to cover moved to 2.5.

How do analysts view Dana Incorporated?

In regard to the share price forecast for Dana Incorporated stock, the analysts, as surveyed by FactSet, forecast the price to reach $31.00 in the next twelve months, representing almost an 10.74% growth from its recent price of $27.67. Among Dana Incorporated stock projections, $34.00 is the highest analyst target for the stock, while $22.00 is the lowest. Despite this, 10 analysts who share their consensus rating for DAN in 2021 agree that the stock is a Buy. The latest rating change took place on 4/21/21, when Keybanc Ratings launched coverage of the stock at “Overweight” and assigned a price target of $32.0.


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