The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Autoliv met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped.
Margins dropped across the board.
Autoliv reported revenue of $2.05 billion. The 12 analysts polled by S&P Capital IQ expected revenue of $2.04 billion on the same basis. GAAP reported sales were 0.4% higher than the prior-year quarter's $2.04 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 $1.58. The 11 earnings estimates compiled by S&P Capital IQ predicted $1.32 per share. GAAP EPS of $1.45 for Q4 were 15% lower than the prior-year quarter's $1.70 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 19.3%, 170 basis points worse than the prior-year quarter. Operating margin was 8.5%, 250 basis points worse than the prior-year quarter. Net margin was 6.8%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.10 billion. On the bottom line, the average EPS estimate is $1.33.
Next year's average estimate for revenue is $8.51 billion. The average EPS estimate is $5.77.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 370 members out of 387 rating the stock outperform, and 17 members rating it underperform. Among 151 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 148 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 $65.37.
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