Autoliv, Inc. (ALV) got here out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $0.90 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 12.86%. 1 / 4 in the past, it was anticipated that this firm would publish earnings of $3.25 per share when it really produced earnings of $3.74, delivering a shock of 15.08%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Autoliv
The sustainability of the inventory’s quick worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Autoliv shares have added about 5.1% for the reason that starting of the 12 months versus the S&P 500’s achieve of 5.8%.
What’s Subsequent for Autoliv?
Whereas Autoliv has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Autoliv: blended. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $2.40 on $2.78 billion in revenues for the approaching quarter and $9.67 on $11 billion in revenues for the present fiscal 12 months.
Traders needs to be conscious of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Automotive – Authentic Tools is presently within the backside 40% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, Adient (ADNT), has but to report outcomes for the quarter ended March 2024. The outcomes are anticipated to be launched on Could 3.
This automotive seating and interiors provider is predicted to publish quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of +21.9%. The consensus EPS estimate for the quarter has been revised 2.2% greater during the last 30 days to the present stage.
Adient’s revenues are anticipated to be $3.83 billion, down 2% from the year-ago quarter.
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