American Axle & Manufacturing (US:AXL) Zacks Investment Researchยท2024-02-16 21:11Group 1: Earnings Performance - American Axle & Manufacturing reported a quarterly loss of $0.09 per share, better than the Zacks Consensus Estimate of a loss of $0.16, and compared to a loss of $0.07 per share a year ago, indicating an earnings surprise of 43.75% [1] - The company posted revenues of $1.46 billion for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 1.20%, and compared to year-ago revenues of $1.39 billion [1] Group 2: Market Performance - American Axle shares have declined approximately 3% since the beginning of the year, while the S&P 500 has gained 5.5% [2] - The stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [3] Group 3: Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $1.54 billion, and for the current fiscal year, it is $0.20 on revenues of $6.22 billion [4] - The Automotive - Original Equipment industry is currently in the bottom 30% of the Zacks industry rankings, which may impact stock performance [4]