The headline numbers for Adient (ADNT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Adient (ADNT) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.51 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Adient (ADNT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Adient (ADNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While ADNT's diverse customer base and international presence strengthen its market position, rising competition remains a concern.
Adient (ADNT) reported earnings 30 days ago. What's next for the stock?
Adient (ADNT) reports lower-than-expected fiscal third-quarter results and expects fiscal 2024 revenues to be $14.6 billion, down from the previous guidance of $14.80-$14.90 billion.
Adient's Q3 FY 2024 financial performance was below expectations, and the company's fourth quarter results will likely be under pressure considering its updated full-year guidance. On the flip side, Adient is well-positioned to achieve positive top line and EBITDA growth for FY 2025, taking into account the potential recovery of its European business. I continue to rate ADNT stock as a Hold, after assessing the company's third quarter results miss and its prospects for a turnaround in FY 2025.
Although the revenue and EPS for Adient (ADNT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Adient plc (NYSE:ADNT ) Q3 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Mike Heifler - IR Jerome Dorlack - President, CEO & Director Mark Oswald - EVP & CFO Conference Call Participants Colin Langan - Wells Fargo Trevor Young - Barclays Joseph Spak - UBS James Picariello - BNP Paribas Operator Welcome to the Adient Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode, until the question-and-answer session of today's call.
Adient (ADNT) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.98 per share a year ago.
Adient (ADNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.