For the quarter ended March 2024, Adient (ADNT) reported income of $3.75 billion, down 4.1% over the identical interval final yr. EPS got here in at $0.54, in comparison with $0.32 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $3.83 billion, representing a shock of -2.15%. The corporate delivered an EPS shock of +38.46%, with the consensus EPS estimate being $0.39.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue 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.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s value efficiency.
Right here is how Adient carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Gentle Car Manufacturing – North America: 4 million versus the two-analyst common estimate of three.94 million.
- Gentle Car Manufacturing – China: 6.2 million versus 6.35 million estimated by two analysts on common.
- Gentle Car Manufacturing – EMEA: 4.5 million in comparison with the 4.45 million common estimate primarily based on two analysts.
- Gentle Car Manufacturing – South America: 0.6 million versus 0.64 million estimated by two analysts on common.
- Web Gross sales- Asia: $742 million in comparison with the $773.51 million common estimate primarily based on two analysts. The reported quantity represents a change of -4.1% yr over yr.
- Web Gross sales- Eliminations: -$22 million versus -$27.43 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -8.3% change.
- Web Gross sales- America: $1.66 billion versus the two-analyst common estimate of $1.80 billion. The reported quantity represents a year-over-year change of -5.7%.
- Web Gross sales- EMEA: $1.37 billion versus $1.38 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -2.2% change.
View all Key Company Metrics for Adient here>>>
Shares of Adient have returned -3.3% over the previous month versus the Zacks S&P 500 composite’s -2.7% change. The inventory at present has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
