Allison Transmission Holdings Inc reports results for the quarter ended in June - Earnings Summary

Allison Transmission Holdings

25/07/2024 22:22

* Allison Transmission Holdings Inc  ALSN.N  reported
quarterly
adjusted earnings of $2.13​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $1.92.  The mean expectation of nine analysts
for the quarter was for earnings of $2.02 per share. Wall Street
expected results to range from $1.86  to $2.10 per share.
    * Revenue rose 4.2% to $816.00 million from a year ago;
analysts
expected $799.48 million. 
    * Allison Transmission Holdings Inc's reported EPS for the
quarter
was $2.13​.
    * The company reported quarterly net income of $187 million.
    * Allison Transmission Holdings Inc shares had risen by 8.9%
this
quarter and gained 42.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 2 "sell" or "strong sell." 
    * The average consensus recommendation for the heavy
machinery &
vehicles peer group is also "hold"

Wall Street's median 12-month price target for Allison
Transmission Holdings Inc is $84.00 
This summary was machine generated from LSEG data July 25 at
09:22 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      2.02           2.13           Beat
 Mar. 31 2024      1.89           1.90           Beat
 Dec. 31 2023      1.43           1.91           Beat
 Sep. 30 2023      1.75           1.76           Beat