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Earnings Preview: American Axle & Manufacturing (AXL) Q4 Earnings Expected to Decline
Zacks Investment Research· 2024-02-09 16:05
Core Viewpoint - American Axle & Manufacturing (AXL) is anticipated to report a year-over-year decline in earnings despite an increase in revenues, with the earnings report set for February 16, 2024 [1] Financial Performance Expectations - The company is expected to post a quarterly loss of $0.16 per share, reflecting a year-over-year change of -128.6% [2] - Revenues are projected to be $1.47 billion, which is a 5.6% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 20% lower in the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for American Axle is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -9.85% [5] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a focus on positive readings for predictive power [3][4] - American Axle's current Zacks Rank is 3, which complicates the prediction of an earnings beat [5][6] Historical Performance - In the last reported quarter, American Axle was expected to post a loss of $0.04 per share but actually reported a loss of $0.11, resulting in a surprise of -175% [7] - Over the past four quarters, the company has beaten consensus EPS estimates twice [7] Conclusion - The likelihood of American Axle beating earnings expectations appears low, and investors should consider other factors when evaluating the stock ahead of the earnings release [8]
AAM to Announce Fourth Quarter and Full Year 2023 Financial Results on February 16
Prnewswire· 2024-02-05 21:30
Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will hold a conference call on February 16, 2024, at 10:00 a.m. ET to discuss its fourth quarter and full year financial results [1] - A press release with the financial results will be issued before the market opens on the same day and will be available on AAM's website [1] - The company has provided phone numbers for participation in the call, as well as details for a live audio webcast and replay options [1] Group 2 - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on driveline and metal forming technologies for electric, hybrid, and internal combustion vehicles [2] - The company is headquartered in Detroit and operates over 80 facilities across 18 countries [2] - AAM aims to contribute to a safer and more sustainable future in the automotive industry [2]
American Axle & Manufacturing Holdings: Staying The Course
Seeking Alpha· 2024-01-25 15:23
igoriss/iStock via Getty Images When it comes to investing, particularly value investing, you should be prepared to be wrong for a long period of time. The very nature of value investing involves buying stocks that are discounted, often because they are either overlooked by the market or unpopular. They may not be the healthiest companies, but they are still trading on the cheap. Of course, there's a fine line between buying a discounted stock and buying what is destined to be a falling knife. And even the ...
AAM Showcases Next-Gen Electric Drive Solutions at CES
Prnewswire· 2024-01-09 13:00
Immersive exhibit highlights AAM's continued commitment to supporting OEM's move toward electrification DETROIT, Jan. 9, 2024 /PRNewswire/ -- American Axle & Manufacturing (AAM) (NYSE: AXL) is at the forefront of helping the world's largest automakers transition to electric vehicles by creating the industry's most innovative driveline technologies for passenger cars and trucks. At CES 2024, AAM will showcase its award-winning, next-generation 3-in-1 electric drive units (eDUs), fully integrated e-Beam axles ...
American Axle & Manufacturing (AXL) - 2023 Q3 - Earnings Call Transcript
2023-11-03 17:40
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants David Lim - Head of Investor Relations David Dauch - Chairman and Chief Executive Officer Christopher May - Executive Vice President and Chief Financial Officer Conference Call Participants Ryan Brinkman - JPMorgan Chase & Co. James Picariello - BNP Paribas Exane. Douglas Karson - Bank of America Merrill Lynch Tom Narayan - RBC Capital Markets Joseph Spak - UBS Dan Levy ...
American Axle & Manufacturing (AXL) - 2023 Q3 - Quarterly Report
2023-11-03 16:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 1-14303 | --- | --- | |--------------------------------------------------------------------------------------- ...
American Axle & Manufacturing (AXL) - 2023 Q3 - Earnings Call Presentation
2023-11-03 14:33
Third Quarter 2023 Earnings Call Forward-Looking Statements In this presentation, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as “will,” “may,” “could,” “would,” “plan,” “believe,” “expec ...
American Axle & Manufacturing (AXL) - 2023 Q2 - Earnings Call Transcript
2023-08-04 18:16
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants David Lim – Head-Investor Relations David Dauch – Chairman and Chief Executive Officer Chris May – Executive Vice President and Chief Financial Officer Conference Call Participants John Murphy – Bank of America Ryan Brinkman – JPMorgan Dan Levy – Barclays James Picariello – BNP Paribas Tom Narayan – RBC Operator Good morning, everyone. My name is Jamie, and I will be your ...
American Axle & Manufacturing (AXL) - 2023 Q2 - Quarterly Report
2023-08-04 16:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 1-14303 | --- | --- | |-------------------------------------------------------------------------------------------- ...
American Axle & Manufacturing (AXL) - 2023 Q2 - Earnings Call Presentation
2023-08-04 13:55
Second Quarter 2023 Earnings Call Forward-Looking Statements This presentation information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include factors detailed in the reports we file with the SEC, including those described under “Risk ...