American Axle & Manufacturing Holdings, Inc. (AXL) Q2 2024 Earnings Call Transcript
American Axle & Manufacturing Holdings, Inc. (NYSE:AXL ) Q2 2024 Earnings Call August 9, 2024 10:00 AM ET Company Participants David Lim - Head, Investor Relations David Dauch - Chairman and Chief Executive Officer Chris May - Executive Vice President and Chief Financial Officer Conference Call Participants Joe Spak - UBS Tom Narayan - RBC Dan Levy - Barclays Itay Michaeli - Citi Jake Scholl - BNP John Murphy - Bank of America Operator Good morning. My name is Gary, and I will be your conference facilitator today.
Why American Axle & Manufacturing Stock Rocketed Nearly 5% Higher Today
It was the specialty auto components manufacturer's turn to bat this earnings season. With its second-quarter performance, it convincingly beat on both the top and bottom lines.
American Axle & Manufacturing (AXL) Beats Q2 Earnings and Revenue Estimates
American Axle & Manufacturing (AXL) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.12 per share a year ago.
American Axle's stock soars 8% as earnings top estimates
American Axle & Manufacturing Holdings Inc.'s stock AXL, +2.31% soared 8% early Friday, after the maker of auto driveline systems and components swept past estimates for the second quarter. Detroit-based American Axle had net income of $18.2 million, or 15 cents a share, for the quarter, up from $8.0 million, or 7 cents a share, in the year-earlier period.
American Axle (AXL) to Report Q2 Earnings: What's in Store?
The Zacks Consensus Estimate for American Axle's (AXL) second-quarter earnings and revenues is pegged at 10 cents per share and $1.56 billion, respectively.
American Axle & Manufacturing Holdings: Getting Close To An Upgrade
American Axle & Manufacturing is a value investing opportunity with potential for growth and cheap shares. Despite a recent decline in the price of shares, the company's financial results show positive revenue and profitability trends. High debt levels are a concern, but management's focus on debt reduction and positive cash flows make the company an attractive buy.
Arrow Exploration says new horizontal wells are exceeding expectations
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) told investors that its second Ubaque horizontal well, CNB HZ-3, is now on production. Moreover, the well is performing above expectations - currently flowing at 1,519 barrels of oil per day (BOPD) net to Arrow, with less than 6.5% water cut.
Earnings Preview: American Axle & Manufacturing (AXL) Q2 Earnings Expected to Decline
American Axle (AXL) 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.
5 High Earnings Yield Stocks Poised for Long-Term Gains
Unlock your portfolio value with high earnings yield stocks like HBI, AXL, FUTU, NVGS and SM.
Small Caps Climb on Interest Rate Cut Expectations: 5 Picks
We have narrowed our search to five small-cap stocks. These stocks are: AXL, NVRI, GRPN, BJRI, WGS.
Is American Axle & Manufacturing Holdings (AXL) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here's Why American Axle & Manufacturing (AXL) is a Strong Momentum Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
