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

Dauch

03/05/2024 16:12

* American Axle & Manufacturing Holdings Inc  AXL.N 
reported
quarterly adjusted earnings of 18 cents​​ per share for the
quarter ended in March, higher than the same quarter last year,
when the company reported EPS of -1 cents.  The mean expectation
of ten analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from -4 cents to 6
cents per share.
    * Revenue rose 7.6% to $1.61 billion from a year ago;
analysts
expected $1.52 billion. 
    * American Axle & Manufacturing Holdings Inc's reported EPS
for
the quarter was 17 cents​.
    * The company reported quarterly net income of $20.5
million.
    * American Axle & Manufacturing Holdings Inc shares
had fallen
by 0.5% this quarter and lost 16.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 43.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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 $7.50 
This summary was machine generated from LSEG data May 3 at 03:12
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
 Mar. 31 2024      0.02           0.18           Beat
 Dec. 31 2023      -0.19          -0.09          Beat
 Sep. 30 2023      -0.01          -0.11          Missed
 Jun. 30 2023      0.09           0.12           Beat