Autoliv (ALV) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Autoliv, Inc. reported revenue of $2.61 billion for the quarter ended June 2024, reflecting a year-over-year decline of 1.1% [1] - The earnings per share (EPS) for the quarter was $1.87, down from $1.93 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $2.77 billion by 6.09%, and the EPS was 23.36% below the consensus estimate of $2.44 [1] Sales Performance - Sales of Airbags, Steering Wheels, and Other products showed an organic change of 1.2%, compared to an estimated 6.2% by analysts [2] - Sales of Seatbelt Products experienced an organic change of -0.3%, against an estimated 4.2% by analysts [2] - Overall sales by segment had an organic change of 0.7%, while the estimate was 6.6% [2] - Actual sales for Seatbelt Products were $858 million, lower than the estimated $908.63 million, representing a -2.3% change year-over-year [2] - Sales for Airbags, Steering Wheels, and Other products were reported at $1.75 billion, compared to the average estimate of $1.87 billion, indicating a -0.6% change year-over-year [2] Stock Performance - Autoliv's shares have returned +1.8% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]