American Axle & Manufacturing (US:AXL) Zacks Investment Research·2024-02-09 16:05Core 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]