How The Wheels Came Off Autoliv's Bus
Autoliv (NYS: ALV) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Autoliv missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Autoliv reported revenue of $1.95 billion. The 11 analysts polled by S&P Capital IQ looked for a top line of $1.99 billion on the same basis. GAAP reported sales were 3.5% lower than the prior-year quarter's $2.02 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.30. The 10 earnings estimates compiled by S&P Capital IQ forecast $1.45 per share. GAAP EPS of $1.23 for Q3 were 17% lower than the prior-year quarter's $1.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.9%, 50 basis points worse than the prior-year quarter. Operating margin was 9.6%, 60 basis points worse than the prior-year quarter. Net margin was 6.0%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.08 billion. On the bottom line, the average EPS estimate is $1.62.
Next year's average estimate for revenue is $8.33 billion. The average EPS estimate is $6.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 358 members out of 376 rating the stock outperform, and 18 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give Autoliv a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Autoliv is hold, with an average price target of $69.76.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Autoliv. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Autoliv to My Watchlist.
The article How The Wheels Came Off Autoliv's Bus originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Autoliv. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.