Looking Into Autoliv's Return On Invested Capital
Portfolio Pulse from Benzinga Insights
Autoliv (NYSE:ALV) reported a 29.33% decrease in earnings from Q1, but a 5.7% increase in sales to $2.63 billion. The company's Return on Invested Capital (ROIC) for Q2 was 2.64%, indicating effective capital allocation. Autoliv's Q2 earnings per share of $1.93 beat analyst predictions of $1.43.
July 24, 2023 | 2:45 pm
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NEUTRAL IMPACT
Autoliv's Q2 earnings decreased but sales increased, indicating mixed performance. The company's ROIC of 2.64% suggests effective capital allocation. Q2 EPS beat analyst predictions.
Despite a decrease in earnings, Autoliv's sales increased and the company's ROIC suggests effective capital allocation. This mixed performance could lead to neutral short-term price movement. However, the fact that Q2 EPS beat analyst predictions could have a positive impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100