American Axle & Manufacturing Holdings Inc reports results for the quarter ended in June - Earnings Summary

Dauch

09/08/2024 15:21

* American Axle & Manufacturing Holdings Inc  AXL.N 
reported
quarterly adjusted earnings of 19 cents​​ per share for the
quarter ended in June, higher than the same quarter last year,
when the company reported EPS of 12 cents.  The mean expectation
of ten analysts for the quarter was for earnings of 11 cents per
share. Wall Street expected results to range from 7 cents to 15
cents per share.
    * Revenue rose 3.9% to $1.63 billion from a year ago;
analysts
expected $1.58 billion. 
    * American Axle & Manufacturing Holdings Inc's reported EPS
for
the quarter was 15 cents​.
    * The company reported quarterly net income of $18.2
million.
    * American Axle & Manufacturing Holdings Inc shares
had fallen
by 11.2% this quarter and lost 29.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 24.5%
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 2 "strong buy" or "buy," 6
"hold" and 1 "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 American Axle &
Manufacturing Holdings Inc is $8.00 
This summary was machine generated from LSEG data August 9 at
02:21 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      0.11           0.19           Beat
 Mar. 31 2024      0.02           0.18           Beat
 Dec. 31 2023      -0.19          -0.09          Beat
 Sep. 30 2023      -0.01          -0.11          Missed