Autoliv (ALV) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Autoliv, Inc. reported $2.56 billion in revenue for Q3 2024, a year-over-year decline of 1.6% with an EPS of $1.84 compared to $1.66 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $2.53 billion by 0.80%, while the EPS fell short of the consensus estimate of $2.00 by 8.00% [1] Revenue Performance - Sales of Airbags, Steering Wheels, and Other products experienced an organic change of -0.7%, compared to the 1% average estimate from three analysts [2] - Sales of Seatbelt Products saw an organic change of -1%, which was better than the -1.9% estimated by three analysts [2] - Overall sales by segment had an organic change of -0.8%, compared to the -0.5% estimate from two analysts [2] Segment Sales Figures - Sales for Seatbelt Products were reported at $819 million, exceeding the average estimate of $787.76 million from three analysts, representing a year-over-year decline of 1.9% [2] - Sales for Airbags, Steering Wheels, and Other products were reported at $1.74 billion, below the average estimate of $1.77 billion from three analysts, reflecting a year-over-year decline of 1.4% [2] Stock Performance - Autoliv shares have returned -2.8% over the past month, contrasting with the Zacks S&P 500 composite's increase of +3.8% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]