Autoliv (NYSE: ALV) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Autoliv missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Revenue details
Autoliv reported revenue of $1.95 billion. The 11 analysts polled by S&P Capital IQ looked for a top line of $1.99 billion on the same basis. GAAP reported sales were 3.5% lower than the prior-year quarter's $2.02 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.30. The 10 earnings estimates compiled by S&P Capital IQ forecast $1.45 per share. GAAP EPS of $1.23 for Q3 were 17% lower than the prior-year quarter's $1.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 19.9%, 50 basis points worse than the prior-year quarter. Operating margin was 9.6%, 60 basis points worse than the prior-year quarter. Net margin was 6.0%, 90 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $2.08 billion. On the bottom line, the average EPS estimate is $1.62.
Next year's average estimate for revenue is $8.33 billion. The average EPS estimate is $6.03.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 358 members out of 376 rating the stock outperform, and 18 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give Autoliv a green thumbs-up, and three 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 $69.76.
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