Golf Clap for Autoliv

Seth Jayson, The Motley Fool
Updated

Autoliv (NYSE: ALV) reported earnings on July 20. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Autoliv met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share shrank.

Margins dropped across the board.

Revenue details
Autoliv booked revenue of $2.09 billion. The 11 analysts polled by S&P Capital IQ wanted to see a top line of $2.11 billion on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $2.06 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.39. The 11 earnings estimates compiled by S&P Capital IQ anticipated $1.40 per share. GAAP EPS of $1.33 for Q2 were 14% lower than the prior-year quarter's $1.54 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 20.2%, 30 basis points worse than the prior-year quarter. Operating margin was 9.1%, 90 basis points worse than the prior-year quarter. Net margin was 6.1%, 90 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.98 billion. On the bottom line, the average EPS estimate is $1.55.

Next year's average estimate for revenue is $8.32 billion. The average EPS estimate is $6.27.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 363 members out of 379 rating the stock outperform, and 16 members rating it underperform. Among 127 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Autoliv a green thumbs-up, and two 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 $72.98.

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