These Analysts Slash Their Forecasts On Autoliv After Weak Q2 Results
Portfolio Pulse from Avi Kapoor
Autoliv, Inc (NYSE:ALV) reported weaker-than-expected Q2 FY24 results, leading to a sales decline and lowered outlook. The company missed analyst estimates for both sales and EPS, and subsequently reduced its FY24 organic sales growth and operating margin guidance. Analysts have adjusted their price targets downward in response. Autoliv shares fell 10.1% following the announcement.
July 22, 2024 | 12:41 pm
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Autoliv reported disappointing Q2 FY24 results, missing both sales and EPS estimates. The company lowered its FY24 organic sales growth and operating margin guidance. Analysts have reduced their price targets, and the stock fell 10.1%.
The weak Q2 results and lowered outlook indicate potential challenges ahead for Autoliv. The significant drop in share price and reduced price targets from analysts suggest a negative short-term impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100