Magna International MGA reported third-quarter 2023 adjusted earnings of $1.46 per share, which rose 33% on a year-over-year basis and surpassed the Zacks Consensus Estimate of $1.37 per share. Net sales increased by 15% from the prior-year quarter to $10,688 million, surpassing the Zacks Consensus Estimate of $10,358 million. Magna International Inc. Price, Consensus and… Continue reading Magna (MGA) Q3 Earnings Beat Estimates, Guidance Revised
Tag: Financial Results
Auto Roundup: TM’s $8B EV Investment, CMI’s Q3 Results and More
After a seven-week strike, the United Auto Workers (UAW) union and the three major U.S. automakers — General Motors, Ford, and Stellantis — reached agreements last week, marking the conclusion of a historic simultaneous strike against Detroit’s Big Three. Key features of the agreements include a 25% wage increase to remain in effect until April… Continue reading Auto Roundup: TM’s $8B EV Investment, CMI’s Q3 Results and More
Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.… Continue reading Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Auto Roundup: TM’s $8B EV Investment, CMI’s Q3 Results and More
After a seven-week strike, the United Auto Workers (UAW) union and the three major U.S. automakers — General Motors, Ford, and Stellantis — reached agreements last week, marking the conclusion of a historic simultaneous strike against Detroit’s Big Three. Key features of the agreements include a 25% wage increase to remain in effect until April… Continue reading Auto Roundup: TM’s $8B EV Investment, CMI’s Q3 Results and More
Adient (ADNT) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Adient (ADNT) reported revenue of $3.73 billion, up 2.2% over the same period last year. EPS came in at $0.51, compared to $0.53 in the year-ago quarter. The reported revenue represents a surprise of -0.82% over the Zacks Consensus Estimate of $3.76 billion. With the consensus EPS estimate being… Continue reading Adient (ADNT) Reports Q4 Earnings: What Key Metrics Have to Say
Adient PLC (ADNT) Reports Increased Annual Net Income Despite Quarterly Challenges
Adient PLC (NYSE:ADNT) reports a significant turnaround with annual net income of $205 million compared to a loss of $120 million in the previous year. Quarterly net sales slightly increased to $3.729 billion from $3.650 billion in the same quarter last year. Strong liquidity with cash and cash equivalents rising to $1.110 billion from $947… Continue reading Adient PLC (ADNT) Reports Increased Annual Net Income Despite Quarterly Challenges
Adient reports fourth quarter and full-year 2023 financial results; successfully delivers on the company’s FY2023 financial commitments
PLYMOUTH, Mich., Nov. 8, 2023 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced its fourth quarter 2023 financial results. Q4 GAAP net income and EPS diluted of $135M and $1.42, respectively; Q4 Adj.-EPS diluted of $0.51 Q4 Adj.-EBITDA of $235M, up $8M y-o-y Gross debt and net debt totaled ~$2.5B and… Continue reading Adient reports fourth quarter and full-year 2023 financial results; successfully delivers on the company’s FY2023 financial commitments
Datadog and Tesla have been highlighted as Zacks Bull and Bear of the Day
For Immediate Release Chicago, IL – November 8, 2023 – Zacks Equity Research shares Datadog DDOG as the Bull of the Day and Tesla’s TSLA as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Goodyear GT, TripAdvisor TRIP and Viper Energy Partners VNOM. Here is a synopsis of all five… Continue reading Datadog and Tesla have been highlighted as Zacks Bull and Bear of the Day
Q3 2023 Goodyear Tire & Rubber Co Earnings Call
Participants Christina L. Zamarro; Executive VP & CFO; The Goodyear Tire & Rubber Company Richard Joseph Kramer; CEO, President & Chairman; The Goodyear Tire & Rubber Company James Albert Picariello; Research Analyst; BNP Paribas Exane, Research Division Rod Avraham Lache; MD & Senior Analyst; Wolfe Research, LLC Presentation Operator Good morning. My name is Nicky,… Continue reading Q3 2023 Goodyear Tire & Rubber Co Earnings Call
Time to Buy These Affordable Top-Rated Stocks After Earnings
Finding affordable stocks that won’t break the bank but have the potential to be viable investments is not always easy. However, following their strong third quarter results on Monday here are several top-rated Zacks stocks that are appealing in this regard. Goodyear GT Sporting a Zacks Rank #2 (Buy) Goodyear Tire’s stock is up roughly… Continue reading Time to Buy These Affordable Top-Rated Stocks After Earnings