BorgWarner (NYSE: BWA ) is expected to report Q2 earnings around July 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict BorgWarner's revenues will expand 3.2% and EPS will grow 2.9%.
The average estimate for revenue is $1.92 billion. On the bottom line, the average EPS estimate is $1.40.
Last quarter, BorgWarner booked revenue of $1.85 billion. GAAP reported sales were 3.2% lower than the prior-year quarter's $1.91 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.30. GAAP EPS of $1.22 for Q1 were 4.7% lower than the prior-year quarter's $1.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 20.2%, 50 basis points worse than the prior-year quarter. Operating margin was 11.7%, 10 basis points worse than the prior-year quarter. Net margin was 7.7%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.50 billion. The average EPS estimate is $5.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 405 members out of 441 rating the stock outperform, and 36 members rating it underperform. Among 136 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give BorgWarner a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BorgWarner is outperform, with an average price target of $82.75.
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