For the quarter ended June 2023, American Axle & Manufacturing (AXL - Free Report) reported revenue of $1.57 billion, up 9.2% over the same period last year. EPS came in at $0.12, compared to $0.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.57 billion, representing a surprise of +0.33%. The company delivered an EPS surprise of +50.00%, with the consensus EPS estimate being $0.08.
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 American Axle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Metal Forming: $634.20 million compared to the $529.16 million average estimate based on two analysts. The reported number represents a change of +23.7% year over year.
- Net Sales- Driveline: $1.09 billion versus $1.03 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.4% change.
- Adjusted EBITDA- Driveline: $152.10 million versus the two-analyst average estimate of $124.62 million.
- Adjusted EBITDA- Metal Forming: $39.50 million versus $63.77 million estimated by two analysts on average.
View all Key Company Metrics for American Axle here>>>Shares of American Axle have returned +16.5% over the past month versus the Zacks S&P 500 composite's +1.1% 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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For the quarter ended June 2023, American Axle & Manufacturing (AXL - Free Report) reported revenue of $1.57 billion, up 9.2% over the same period last year. EPS came in at $0.12, compared to $0.22 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.57 billion, representing a surprise of +0.33%. The company delivered an EPS surprise of +50.00%, with the consensus EPS estimate being $0.08.
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 American Axle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Metal Forming: $634.20 million compared to the $529.16 million average estimate based on two analysts. The reported number represents a change of +23.7% year over year.
- Net Sales- Driveline: $1.09 billion versus $1.03 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.4% change.
- Adjusted EBITDA- Driveline: $152.10 million versus the two-analyst average estimate of $124.62 million.
- Adjusted EBITDA- Metal Forming: $39.50 million versus $63.77 million estimated by two analysts on average.
View all Key Company Metrics for American Axle here>>>Shares of American Axle have returned +16.5% over the past month versus the Zacks S&P 500 composite's +1.1% 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.
Free – 5 Dividend Stocks to Fund Your Retirement
Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.
5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.
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