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BorgWarner Inc. (BWA - Free Report) offers efficient and clean technology solutions, essential for combustion, hybrid and electric vehicles.
Earnings
The company reported adjusted earnings of $1.18 per share in second-quarter 2018, beating the Zacks Consensus Estimate of $1.10. Adjusted earnings increased from 96 cents reported in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.69 billion, missing the Zacks Consensus Estimate of $2.72 billion. The revenue figure for second-quarter 2017 was $2.39 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed a downward trend in the Zacks Consensus Estimate for annual earnings over the last seven days.
In all the trailing four quarters, The company delivered positive earnings in all the trailing four quarters, leading to an average beat of around 7.2%.
We have highlighted some of the key stats from this Michigan-based company’s earnings announcement below:
Key Stats/Developments to Note
For third-quarter 2018, the company envisions net earnings per share to lie within the range of $1.03-$1.06. Moreover, it anticipates net organic sales growth of 4.5-6.5% compared with net sales of $2.42 billion in the year-ago quarter. The Sevcon acquisition will contribute $16 million to net sales.
For full-year 2018, the company has increased its organic growth guidance. BorgWarner projects net sales to be $10.64-$10.75 billion from the prior expectation of $10.77-$10.94 billion. The new estimations imply organic growth of 6-7% compared with the previous range of 5-7%. Further, the company projects net earnings within the range of $4.45-$4.50, an increase from the previous guidance of $4.30-$4.40.
Check back later for our full write up on BorgWarner’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
BorgWarner's (BWA) Q2 Earnings Surpass Estimates, Gains Y/Y
BorgWarner Inc. (BWA - Free Report) offers efficient and clean technology solutions, essential for combustion, hybrid and electric vehicles.
Earnings
The company reported adjusted earnings of $1.18 per share in second-quarter 2018, beating the Zacks Consensus Estimate of $1.10. Adjusted earnings increased from 96 cents reported in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.69 billion, missing the Zacks Consensus Estimate of $2.72 billion. The revenue figure for second-quarter 2017 was $2.39 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed a downward trend in the Zacks Consensus Estimate for annual earnings over the last seven days.
In all the trailing four quarters, The company delivered positive earnings in all the trailing four quarters, leading to an average beat of around 7.2%.
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 third-quarter 2018, the company envisions net earnings per share to lie within the range of $1.03-$1.06. Moreover, it anticipates net organic sales growth of 4.5-6.5% compared with net sales of $2.42 billion in the year-ago quarter. The Sevcon acquisition will contribute $16 million to net sales.
For full-year 2018, the company has increased its organic growth guidance. BorgWarner projects net sales to be $10.64-$10.75 billion from the prior expectation of $10.77-$10.94 billion. The new estimations imply organic growth of 6-7% compared with the previous range of 5-7%. Further, the company projects net earnings within the range of $4.45-$4.50, an increase from the previous guidance of $4.30-$4.40.
Check back later for our full write up on BorgWarner’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>