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BorgWarner Inc. (BWA - Free Report) is a leading manufacturer of powertrain products for major automakers. Its products include four-wheel-drive and all-wheel-drive transfer cases (primarily for light trucks and sport utility vehicles), as well as automatic transmission and timing chain systems.
These products are produced and sold worldwide, primarily to original equipment manufacturers.
BorgWarner is poised to benefit from strong demand, global expansion, capital deployment and restructuring of the Drivetrain segment. Moreover, the company has a healthy balance sheet and ample cash flows, which can help increase shareholder returns.
Estimate Trend & Surprise History
Meanwhile, the company has a positive record in terms of earnings surprises. BorgWarner beat earnings estimates in each of the trailing four quarters. As a result, the company posted an average positive surprise of 4.7% over the last four quarters.
Investors have been eagerly awaiting BorgWarner’s latest earnings report to see whether it delivers an earnings beat.
We have highlighted some of the key stats from this Michigan-based company’s earnings announcement below:
Earnings
BorgWarner reported adjusted earnings of 95 cents per share in the third quarter of 2017, beating the Zacks Consensus Estimate of 87 cents. Adjusted earnings increased from 78 cents reported in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.42 billion, beating the Zacks Consensus Estimate of $2.24 billion. The revenue figure for third-quarter 2016 was $2.21 billion.
Key Stats/Developments to Note
For fourth-quarter, the company expects net earnings to be within the range of 99 cents to $1.01 per share. Moreover, it expects organic sales growth of 5-6.5%, in comparison to net sales of $2.24 billion, recorded in the year-ago quarter.
For 2017, the company expects net sales of around $9.67-$9.70 billion, as against the previous expectation of $9.28-$9.38 billion, which translates into organic growth rate of 9-9.5%. The company expects positive impact of foreign currencies due to the appreciation of the Euro of $37 million.
Further, BorgWarner expects net earnings in the range of $3.65-$3.70 per share against the previous expectation of $3.50–$3.60 per share in 2017.
Check back later for our full write up on BorgWarner’s earnings report!
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BorgWarner (BWA) Q3 Earnings & Revenue Beat Estimates
BorgWarner Inc. (BWA - Free Report) is a leading manufacturer of powertrain products for major automakers. Its products include four-wheel-drive and all-wheel-drive transfer cases (primarily for light trucks and sport utility vehicles), as well as automatic transmission and timing chain systems.
These products are produced and sold worldwide, primarily to original equipment manufacturers.
BorgWarner is poised to benefit from strong demand, global expansion, capital deployment and restructuring of the Drivetrain segment. Moreover, the company has a healthy balance sheet and ample cash flows, which can help increase shareholder returns.
Estimate Trend & Surprise History
Meanwhile, the company has a positive record in terms of earnings surprises. BorgWarner beat earnings estimates in each of the trailing four quarters. As a result, the company posted an average positive surprise of 4.7% over the last four quarters.
Investors have been eagerly awaiting BorgWarner’s latest earnings report to see whether it delivers an earnings beat.
BorgWarner Inc. Price and EPS Surprise
BorgWarner Inc. Price and EPS Surprise | BorgWarner Inc. Quote
Zacks Rank
BorgWarner currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this Michigan-based company’s earnings announcement below:
Earnings
BorgWarner reported adjusted earnings of 95 cents per share in the third quarter of 2017, beating the Zacks Consensus Estimate of 87 cents. Adjusted earnings increased from 78 cents reported in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.42 billion, beating the Zacks Consensus Estimate of $2.24 billion. The revenue figure for third-quarter 2016 was $2.21 billion.
Key Stats/Developments to Note
For fourth-quarter, the company expects net earnings to be within the range of 99 cents to $1.01 per share. Moreover, it expects organic sales growth of 5-6.5%, in comparison to net sales of $2.24 billion, recorded in the year-ago quarter.
For 2017, the company expects net sales of around $9.67-$9.70 billion, as against the previous expectation of $9.28-$9.38 billion, which translates into organic growth rate of 9-9.5%. The company expects positive impact of foreign currencies due to the appreciation of the Euro of $37 million.
Further, BorgWarner expects net earnings in the range of $3.65-$3.70 per share against the previous expectation of $3.50–$3.60 per share in 2017.
Check back later for our full write up on BorgWarner’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>