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

Adient

06/08/2024 14:31

* Adient PLC  ADNT.N  reported quarterly adjusted earnings
of 32
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 64 cents per share. Wall Street expected
results to range from 50 cents to 76 cents per share.
    * Revenue fell 8.4% to $3.72 billion from a year ago;
analysts
expected $3.83 billion. 
    * Adient PLC's reported EPS for the quarter was a loss of 12
cents​.
    * The company reported a quarterly loss of $11 million.
    * Adient PLC shares had fallen by 7.6% this quarter and
lost 37.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 2 "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
$31.00 
This summary was machine generated from LSEG data August 6 at
01:31 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
 Jun. 30 2024      0.64           0.32           Missed
 Mar. 31 2024      0.42           0.54           Beat
 Dec. 31 2023      0.47           0.31           Missed
 Sep. 30 2023      0.58           0.51           Missed