American Axle & Manufacturing Holdings Inc expected to post earnings of 11 cents a share - Earnings Preview

Dauch

07/08/2024 16:03

* American Axle & Manufacturing Holdings Inc  AXL.N 
 AXL  is
expected to show a rise in quarterly revenue when it reports 
results on August 9 for the period ending June 30 2024
    * The Detroit Michigan-based  company is expected to report
a
0.8% increase in revenue to $1.583 billion from $1.57 billion a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for American Axle &
Manufacturing
Holdings Inc is for earnings of 11 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for American
Axle &
Manufacturing Holdings Inc is $8.00​, above​ its last closing
price of $6.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.01       0.02       0.18      Beat    778
 Dec. 31 2024  -0.17       -0.19      -0.09     Beat    53.5
 Sep. 30 2023  -0.01       -0.01      -0.11     Missed  -768.2
                                                        ​
 Jun. 30 2023  0.08        0.09       0.12      Beat    39.5
 ​​Mar.        -0.08       -0.07      -0.01     Beat    84.6
 31 2023                                                
 Dec. 31 2022  0.00        0.01       -0.07     Missed  -866.7
                                                        ​
 Sep. 30 2022  0.25        0.24       0.27      Beat    13.3
 Jun. 30 2022  0.11        0.10       0.22      Beat    115.9
 This summary was machine generated August 7 at 15:03 GMT.  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)