Adient PLC reports results for the quarter ended in December - Earnings Summary

Adient

07/02/2023 14:30

* Adient PLC  ADNT.N  reported quarterly adjusted earnings
of 34
cents​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of 38 cents per share.
    * Revenue rose 6.3% to $3.70 billion from a year ago;
analysts
expected $3.64 billion. 
    * Adient PLC's reported EPS for the quarter was 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.3%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Adient PLC shares had risen by 31.7% this quarter.
    * The company reported quarterly net income of $12 million.
    * Wall Street's median 12-month price target for Adient PLC
is
$46.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
7 at 02:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.38           0.34           Missed
 Sep. 30 2022      0.51           0.53           Beat
 Jun. 30 2022      -0.07          0.08           Beat
 Mar. 31 2022      -0.06          -0.13          Missed