Dana Lowers FY2026 Adj EPS Guidance from $2.00-$3.00 to $1.75-$2.25 vs $2.43 Est; Raises FY2026 Sales Guidance from $7.300B-$7.700B to $7.650B-$7.850B vs $7.647B Est

Why Is Westport (WPRT) Down 0.6% Since Last Earnings Report?

Westport Innovations reported a Q2 loss of 53 cents per share, wider than expected, with revenues declining 78.3% year-over-year due to the planned end of a Heavy-Duty OEM agreement. However, subsidiary Cespira showed strong growth with revenues jumping 125% and narrowing losses by 65%. The company faces going-concern risks with insufficient projected cash resources for the next 12 months, though it targets Cespira break-even in 2027. Estimates have trended upward since the earnings release.

Here's Why You Should Offload Dana Stock From Your Portfolio

Dana Incorporated (DAN), an automotive supplier, has lowered its 2026 adjusted EPS guidance to $1.75-$2.25 from $2-$3 due to weak EV orders, lower China joint venture earnings, and higher capital spending. The company faces $59 million in EV program termination charges through H1 2026 and execution risks from the Eaton Mobility integration. Despite improving EBITDA, free cash flow growth remains limited by elevated capital expenditures.

Shares of automakers, recreational vehicle makers and auto-parts companies are trading lower after President Trump said in a social media post that tariffs on cars and trucks and automotive parts from Canada will be increased to 50% from January 1, 2027.

Barclays Maintains Equal-Weight on Dana, Raises Price Target to $35