Automotive safety systems provider Autoliv (NYSE: ALV) will be reporting earnings this Friday before the bell. Here’s what to look for.
Autoliv beat analysts’ revenue expectations last quarter, reporting revenues of $2.75 billion, up 6.8% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates.
Is Autoliv a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Autoliv’s revenue to grow 1.7% year on year, slowing from the 4.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Autoliv has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Autoliv’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Winnebago’s revenues decreased 9.9% year on year, missing analysts’ expectations by 7.9%, and Apogee reported a revenue decline of 1.1%, topping estimates by 3.4%.
Read our full analysis of Winnebago’s results here and Apogee’s results here.
Investors in the industrials segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. Autoliv’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $133.82 (compared to the current share price of $122.82).
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