For the quarter ended March 2024, Axalta Coating Techniques (AXTA) reported income of $1.29 billion, up 0.8% over the identical interval final 12 months. EPS got here in at $0.48, in comparison with $0.35 within the year-ago quarter.
The reported income represents a shock of +0.59% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being $0.40, the EPS shock was +20.00%.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders mission a inventory’s value efficiency extra precisely.
Right here is how Axalta Coating Techniques carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Gross sales- Efficiency Coatings- Refinish: $519 million versus $516.56 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +4.3% change.
- Gross sales- Efficiency Coatings- Industrial: $329 million versus $330.24 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -5.9% change.
- Gross sales- Mobility Coatings- Whole: $446 million versus $438.47 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +2.1% change.
- Gross sales- Mobility Coatings- Business car: $104 million versus the three-analyst common estimate of $106.22 million. The reported quantity represents a year-over-year change of -4%.
- Gross sales- Efficiency Coatings- Whole: $848 million versus the three-analyst common estimate of $846.77 million. The reported quantity represents a year-over-year change of +0.1%.
- Gross sales- Mobility Coatings- Gentle car: $342 million in comparison with the $332.22 million common estimate based mostly on three analysts. The reported quantity represents a change of +4.1% 12 months over 12 months.
View all Key Company Metrics for Axalta Coating Systems here>>>
Shares of Axalta Coating Techniques have returned -5.9% over the previous month versus the Zacks S&P 500 composite’s -4.1% change. The inventory at the moment has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
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