Visteon Corp reports results for the quarter ended in March - Earnings Summary

Visteon

25/04/2024 17:27

* Visteon Corp  VC.OQ  reported quarterly adjusted earnings
of
$1.61​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.25.  The mean expectation of sixteen analysts for the quarter
was for earnings of $1.68 per share. Wall Street expected
results to range from $1.49  to $1.99 per share.
    * Revenue fell 3.5% to $933.00 million from a year ago;
analysts
expected $977.66 million. 
    * Visteon Corp's reported EPS for the quarter was $1.50​.
    * The company reported quarterly net income of $42 million.
    * Visteon Corp shares had fallen by 5.5% this quarter and
lost 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the auto, truck &
motorcycle parts peer group is also "buy"

Wall Street's median 12-month price target for Visteon Corp is
$144.00 
This summary was machine generated from LSEG data April 25 at
04:27 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      1.68           1.61           Missed
 Dec. 31 2023      2.09           1.88           Missed
 Sep. 30 2023      1.98           2.35           Beat
 Jun. 30 2023      1.61           1.18           Missed