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BorgWarner Inc. (BWA - Free Report) , a leading manufacturer of powertrain products for major automakers, reported adjusted earnings of $1.07 per share in the fourth quarter of 2017, beating the Zacks Consensus Estimate of $1.02. Adjusted earnings increased from 85 cents reported in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.59 billion, beating the Zacks Consensus Estimate of $2.50 billion. The revenue figure for fourth-quarter 2016 was $2.26 billion.
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 6.7% 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:
Key Stats/Developments to Note
For first-quarter 2018, the company expects net earnings to be within the range of 99 cents to $1.31 per share. Moreover, it expects net organic sales growth of 3-5.5%, in comparison to net sales of $2.41 billion, recorded in the year-ago quarter.
For 2018, the company has reaffirmed organic growth guidance and expects net sales of around $10.52-$10.69 billion, which translates into organic growth rate of 5-7%. The company expects positive impact of foreign currencies due to the appreciation of the Euro and Chinese Yuan of $170 million.
Further, BorgWarner expects net earnings in the range of $4.25-$4.35 per share.
Check back later for our full write up on BorgWarner’s earnings report!
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Image: Bigstock
BorgWarner (BWA) Q4 Earnings & Revenue Beat Estimates
BorgWarner Inc. (BWA - Free Report) , a leading manufacturer of powertrain products for major automakers, reported adjusted earnings of $1.07 per share in the fourth quarter of 2017, beating the Zacks Consensus Estimate of $1.02. Adjusted earnings increased from 85 cents reported in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.59 billion, beating the Zacks Consensus Estimate of $2.50 billion. The revenue figure for fourth-quarter 2016 was $2.26 billion.
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 6.7% 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 #3 (Hold). 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:
Key Stats/Developments to Note
For first-quarter 2018, the company expects net earnings to be within the range of 99 cents to $1.31 per share. Moreover, it expects net organic sales growth of 3-5.5%, in comparison to net sales of $2.41 billion, recorded in the year-ago quarter.
For 2018, the company has reaffirmed organic growth guidance and expects net sales of around $10.52-$10.69 billion, which translates into organic growth rate of 5-7%. The company expects positive impact of foreign currencies due to the appreciation of the Euro and Chinese Yuan of $170 million.
Further, BorgWarner expects net earnings in the range of $4.25-$4.35 per share.
Check back later for our full write up on BorgWarner’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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