The 10-second takeaway
For the quarter ended March 31 (Q1), Autoliv met expectations on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Autoliv reported revenue of $2.18 billion. The nine analysts polled by S&P Capital IQ expected revenue of $2.19 billion on the same basis. GAAP reported sales were 3.3% higher than the prior-year quarter's $2.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.07. The eight earnings estimates compiled by S&P Capital IQ predicted $1.62 per share. GAAP EPS of $1.07 for Q1 were 45% lower than the prior-year quarter's $1.93 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.2%, 190 basis points worse than the prior-year quarter. Operating margin was 9.2%, 290 basis points worse than the prior-year quarter. Net margin was 4.6%, 400 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.15 billion. On the bottom line, the average EPS estimate is $1.33.
Next year's average estimate for revenue is $8.57 billion. The average EPS estimate is $6.29.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 356 members out of 372 rating the stock outperform, and 16 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 140 give Autoliv a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Autoliv is hold, with an average price target of $75.52.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of and writing covered calls on Autoliv. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.