Varta AG: Another Earnings Disappointment Clouds The Outlook

Nov. 02, 2022 4:04 AM ETVarta AG (VARGF), VARTY1 Comment
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Summary

  • Varta’s preliminary Q3 update fell short of an already pessimistic consensus bar.
  • With no updates to the previously withdrawn guidance as well, the near-term outlook is concerning.
  • As we head into a potential global recession, the stock could still suffer more drawdowns ahead.

Yellow Varta batteries pile isolated on white

ermingut/iStock Unreleased via Getty Images

Varta AG (OTC:VARGF), a German manufacturer of industrial, commercial, and miniaturized batteries for equipment and devices, recently posted a downbeat preliminary Q3 result that will reignite concerns about the viability of its earnings

Chart
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Q2 2022 Results

Varta AG

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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