Adient PLC reports results for the quarter ended September 30 - Earnings Summary

Adient

08/11/2024 16:26

* Adient PLC  ADNT.N  reported quarterly adjusted earnings
of 68
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 51 cents.  The mean expectation of eleven analysts for the
quarter was for earnings of 52 cents per share. Wall Street
expected results to range from 31 cents to 67 cents per share.
    * Revenue fell 4.5% to $3.56 billion from a year ago;
analysts
expected $3.44 billion. 
    * Adient PLC's reported EPS for the quarter was 91 cents​.
    * The company reported quarterly net income of $79 million.
    * Adient PLC shares had fallen by 11.9% this quarter and
lost 45.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.9%
in the last three months.​ 
    * In the last 30 days, three 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," 6
"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
$24.50 
This summary was machine generated from LSEG data November 8 at
04:25 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
 Sep. 30 2024      0.52           0.68           Beat
 Jun. 30 2024      0.62           0.32           Missed
 Mar. 31 2024      0.42           0.54           Beat
 Dec. 31 2023      0.47           0.31           Missed