The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Autoliv missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped.
Margins dropped across the board.
Autoliv tallied revenue of $2.05 billion. The 12 analysts polled by S&P Capital IQ wanted to see revenue of $2.10 billion. Sales were 7.2% higher than the prior-year quarter's $1.91 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $1.70. The 10 earnings estimates compiled by S&P Capital IQ averaged $1.69 per share. GAAP EPS of $1.70 for Q4 were 10% lower than the prior-year quarter's $1.89 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 21.0%, 120 basis points worse than the prior-year quarter. Operating margin was 11.0%, 180 basis points worse than the prior-year quarter. Net margin was 7.8%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.16 billion. On the bottom line, the average EPS estimate is $1.58.
Next year's average estimate for revenue is $8.51 billion. The average EPS estimate is $6.38.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 363 members out of 381 rating the stock outperform, and 18 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 165 give Autoliv a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Autoliv is outperform, with an average price target of $73.93.
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