ALSN now expects full-year 2024 net sales in the band of $3.13-$3.21 billion, up from the previously guided range of $3.09-$3.17 billion.
Allison Transmission (ALSN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Allison Transmission Holdings, Inc. (NYSE:ALSN ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Jacalyn Bolles - Executive Director, Treasury and Investor Relations David Graziosi - Chairman and Chief Executive Officer Frederick Bohley - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Ian Zaffino - Oppenheimer & Co. Inc. Timothy Thein - Raymond James Robert Wertheimer - Melius Research Angel Castillo - Morgan Stanley Tami Zakaria - JP Morgan Kyle Menges - Citigroup Inc Luke Junk - Robert W. Baird & Co. Jerry Revich - Goldman Sachs Group, Inc. Angel Castillo - Morgan Stanley Luke Junk - Baird Jerry Revich - Goldman Sachs Operator Good afternoon.
Although the revenue and EPS for Allison Transmission (ALSN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Allison Transmission (ALSN) came out with quarterly earnings of $2.27 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.76 per share a year ago.
The 22% price increase since August outperformed the S&P 500, indicating strong momentum, despite my earlier concerns about valuation. The financial statements show strong positive cash flows, improved debt management, and solid liquidity over the past couple of years, fully backing up the stock's strong momentum. Peer comparisons reveal the company isn't overvalued, despite high historical valuation ratios.
Allison Transmission (ALSN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Allison Transmission (ALSN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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With the Zacks Auto Original Equipment industry being favorably ranked currently, stocks like ALSN, BWA and ALV are worth keeping an eye on.