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

Adient

02/08/2023 14:32

* Adient PLC  ADNT.N  reported quarterly adjusted earnings
of 98
cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
46 cents per share.
    * Revenue rose 16.4% to $4.06 billion from a year ago;
analysts
expected $3.89 billion. 
    * Adient PLC's reported EPS for the quarter was 77 cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Adient PLC shares had risen by 11.8% this quarter and
gained 23.5% so far this year.
    * The company reported quarterly net income of $73 million.
    * Wall Street's median 12-month price target for Adient PLC
is
$45.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.46           0.98           Beat
 Mar. 31 2023      0.43           0.32           Missed
 Dec. 31 2022      0.38           0.34           Missed
 Sep. 30 2022      0.51           0.53           Beat