American Axle & Manufacturing Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

Dauch

08/11/2024 16:19

* American Axle & Manufacturing Holdings Inc  AXL.N 
reported
quarterly adjusted earnings of 20 cents​​ per share for the
quarter ended September 30, higher than the same quarter last
year, when the company reported EPS of -11 cents.  The mean
expectation of nine analysts for the quarter was for a loss of 5
cents per share. Wall Street expected results to range from -14
cents to 1 cents per share.
    * Revenue fell 3% to $1.50 billion from a year ago; analysts
expected $1.50 billion. 
    * American Axle & Manufacturing Holdings Inc's reported EPS
for
the quarter was 8 cents​.
    * The company reported quarterly net income of $10 million.
    * American Axle & Manufacturing Holdings Inc shares
had risen
by 0.6% this quarter and lost 29.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 397%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
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 7.00 
This summary was machine generated from LSEG data November 8 at
04:19 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      -0.05          0.20           Beat
 Jun. 30 2024      0.11           0.19           Beat
 Mar. 31 2024      0.02           0.18           Beat
 Dec. 31 2023                     -0.09