Autoliv Q3 adjusted EPS comes in below estimates at $2.19 a share

what happened

Autoliv, Inc. reported adjusted earnings of $2.19 per share for the quarter ended September 30. A year earlier the figure was $2.32, while the mean forecast of 13 analysts was $2.31 per share. The data comes from Earnings Summary, based on LSEG information.

Revenue fell 0.5% from a year ago to $2.69 billion, against the $2.73 billion analysts had expected. Quarterly net income was $155 million, and the reported EPS for the quarter was $2.13.

The shares rose 6.2% over the quarter and gained 0.2% so far this year. The mean analyst earnings estimate rose about 0.9% over the last three months, while one analyst cut an estimate in the last 30 days. The median 12-month price target is $136.00, about 12.6% above the last close of $118.88.

why it matters

For the market, revenue and profit matter most. A miss on both, after a quarterly share gain, suggests part of the outlook was already priced into the stock. The average analyst rating remains buy, the same as the auto, truck and motorcycle parts peer group.

market impact

Auto parts sector: the profit and revenue miss may weigh on Autoliv shares and sentiment across the group

tags

instruments