American Axle & Mfg Hldgs Q4 Adjusted EPS $(0.09) May Not Be Comparable To $(0.19) Estimate, Sales $1.46B Beat $1.42B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Axle & Mfg Hldgs (AXL) reported Q4 adjusted EPS of $(0.09), surpassing the $(0.19) estimate, with sales of $1.46B exceeding the $1.42B forecast. This represents a 28.57% decrease in losses per share compared to last year, and a 5.03% increase in sales from the same period.
February 16, 2024 | 1:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AXL reported a Q4 adjusted EPS of $(0.09), beating estimates, with sales of $1.46B also exceeding expectations. This indicates a decrease in losses per share and an increase in sales compared to last year.
Beating both EPS and sales estimates typically leads to positive investor sentiment in the short term. The improvement in sales and the reduction in losses per share compared to last year further strengthen the case for a potential increase in AXL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100