For the quarter ended June 2024, BorgWarner (BWA) reported revenue of $3.6 billion, down 20.3% over the same period last year. EPS came in at $1.19, compared to $1.35 in the year-ago quarter.
The reported revenue represents a surprise of -3.37% over the Zacks Consensus Estimate of $3.73 billion. With the consensus EPS estimate being $0.98, the EPS surprise was +21.43%.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how BorgWarner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Organic Net Sales Change
: -0.3% versus the three-analyst average estimate of 1.1%.
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Net Sales- Air Management
: $1.97 billion compared to the $2.05 billion average estimate based on four analysts.
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Net Sales- Inter-segment eliminations
: -$31 million versus the four-analyst average estimate of -$44.12 million. The reported number represents a year-over-year change of -77.2%.
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Net Sales- ePropulsion
: $464 million compared to the $555.38 million average estimate based on four analysts.
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Net Sales- Drivetrain & Battery Systems
: $1.20 billion versus the four-analyst average estimate of $1.17 billion.
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Adjusted Operating Income- Air Management
: $304 million compared to the $305.87 million average estimate based on four analysts.
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Adjusted Operating Income- ePropulsion
: -$49 million versus the four-analyst average estimate of -$21.68 million.
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Adjusted Operating Income- Drivetrain & Battery Systems
: $176 million versus the four-analyst average estimate of $137.46 million.
View all Key Company Metrics for BorgWarner here>>>
Shares of BorgWarner have returned +2.2% over the past month versus the Zacks S&P 500 composite’s -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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BorgWarner Inc. (BWA) : Free Stock Analysis Report