American Axle & Manufacturing Holdings (NYSE: AXL) is expected to report Q3 earnings around Oct. 26. 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 American Axle & Manufacturing Holdings's revenues will grow 5.5% and EPS will contract -31.3%.
The average estimate for revenue is $683.3 million. On the bottom line, the average EPS estimate is $0.33.
Revenue details
Last quarter, American Axle & Manufacturing Holdings notched revenue of $739.8 million. GAAP reported sales were 7.8% higher than the prior-year quarter's $686.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.42. GAAP EPS of $0.06 for Q2 were 91% lower than the prior-year quarter's $0.65 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 16.5%, 250 basis points worse than the prior-year quarter. Operating margin was 9.0%, 140 basis points worse than the prior-year quarter. Net margin was 0.6%, 660 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.89 billion. The average EPS estimate is $1.93.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 197 members out of 313 rating the stock outperform, and 116 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give American Axle & Manufacturing Holdings a green thumbs-up, and 32 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Axle & Manufacturing Holdings is hold, with an average price target of $13.04.
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