Roth Capital offered an initial take on Gentherm's (Nasdaq: THRM) Q4 results, which were reported earlier in the session. THRM posted Q4 EPS of $0.78, which was $0.22 better than the analyst estimate of $0.56. Revenue for the quarter came in at $212.3 million versus the consensus estimate of $217.06 million.

Analyst Matt Koranda commented, We don’t see any major surprises in the release. Similar trends to prior quarters remain (FX translation headwinds are being offset by strong GMs from better fixed cost absorption and favorable currencies in the Peso and Hryvnia). Other revenue was higher-than-expected, making up for some lightness from GPT. We will explore if there were any material ECM or mattress revenues during the quarter that may have driven this increase. THRM’s growth outlook in a maturing auto market remains a focus, along with BTM developments, the manufacturing ramp at new facilities, and acquisitions.

Roth has Gentherm with a Buy rating and $57 price target.

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