BorgWarner is well-positioned for an automotive market reversal, with strong fundamentals and a solid business strategy, making it a "Buy" at $39/share. Despite EV market uncertainties and recent forecast cuts, BorgWarner's diversified tech and multi-year contracts offer long-term upside potential. The company's leadership in turbochargers and drivetrain tech, along with efficient management, supports a positive investment thesis.
BorgWarner (BWA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
BorgWarner (BWA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Investors interested in Automotive - Original Equipment stocks are likely familiar with BorgWarner (BWA) and Modine (MOD). But which of these two stocks presents investors with the better value opportunity 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.
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BWA's frequent business wins and PowerDrive Systems restructuring are set to buoy its prospects amid a challenging market production outlook.
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BorgWarner Inc. (NYSE:BWA ) Q3 2024 Earnings Conference Call October 31, 2024 9:30 AM ET Company Participants Patrick Nolan – Vice President-Investor Relations Frédéric Lissalde – President and Chief Executive Officer Craig Aaron – Executive Vice President and Chief Financial Officer Conference Call Participants Colin Langan – Wells Fargo Dan Levy – Barclays Adam Jonas – Morgan Stanley John Murphy – Bank of America Luke Junk – Baird James Picariello – BNP Paribas Mark Delaney – Goldman Sachs Emmanuel Rosner – Wolfe Research Operator Good morning. My name is Connie, and I will be your conference facilitator.
For full-year 2024, BWA anticipates net sales in the band of $14-$14.2 billion, down from the previous estimate of $14.1-$14.4 billion.
BorgWarner (BWA) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.98 per share a year ago.
BorgWarner (BWA) 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.