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

Adient

07/02/2024 14:37

* Adient PLC  ADNT.N  reported quarterly adjusted earnings
of 31
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 34
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 47 cents per share. Wall Street expected
results to range from 35 cents to 59 cents per share.
    * Revenue fell 1.1% to $3.66 billion from a year ago;
analysts
expected $3.71 billion. 
    * Adient PLC's reported EPS for the quarter was 21 cents​.
    * The company reported quarterly net income of $20 million.
    * Adient PLC shares had fallen by 2.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for Adient PLC is
$39.00 
This summary was machine generated from LSEG data February 7 at
02:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.47           0.31           Missed
 Sep. 30 2023      0.58           0.51           Missed
 Jun. 30 2023      0.46           0.98           Beat
 Mar. 31 2023      0.43           0.32           Missed