We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nissan (NSANY) to Report Q3 Earnings: What's in the Offing?
Read MoreHide Full Article
Nissan Motor Co. (NSANY - Free Report) is set to release third-quarter fiscal 2021 results on Feb 8. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at 4 cents and $18.98 billion, respectively.
This Japan-based company posted higher-than-expected earnings in the last reported quarter.
Nissan surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, the average surprise being 13.1%. This is depicted in the graph below:
The Zacks Consensus Estimate for Nissan’s fiscal third-quarter earnings per share has been revised upward by 13 cents to 4 cents in the past 30 days. Moreover, this suggests an improvement over the year-ago quarter’s loss of 8 cents per share. However, the Zacks Consensus Estimate for revenues suggests a year-over-year fall of 10.9%.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Nissan for the to-be-reported quarter, as it does not have the right combination of the two key ingredients. A combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as elaborated below.
Earnings ESP: Nissan has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate is on par with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Nissan is facing the effects of the global semiconductor chip crunch, which is currently affecting the auto sector. Surging raw material prices are also a headwind. These factors are likely to have dented the company’s production and sales during the December-end quarter, which in turn, are anticipated to have hurt the company’s quarterly top and bottom line.
Markedly, the automaker’s global production declined 21.5%, 20.2% and 23.6% year on year in the months of October, November and December 2021, respectively. Production in the Japan market plunged 44.9%, 23.6% and 48.4% year on year in October, November and December 2021, respectively.
Further, global sales plummeted 16.1%, 18.3% and 19.8% year on year in October, November and December 2021, respectively. Sales in the Japan market declined 5.5%, 10.3% and 32.6% year on year in October, November and December 2021, respectively.
Nonetheless, the company’s accelerated push toward electrification is a major tailwind. To that end, the company is working on delivering zero emissions across all aspects of its operations, including development, manufacturing and sales. Nissan is also preparing a business model using electricity from renewable energy that leverages the high-capacity storage capabilities of its electric vehicle batteries. During the quarter, the automaker inked an agreement with Super City AiCT Consortium for bringing carbon neutrality in Smart City Aizuwakamatsu. These efforts are likely to have provided some respite to the auto giant’s fiscal third-quarter results.
Stocks With Favorable Combination
Here are a few other stocks in the auto sector lined up to release quarterly results soon. Encouragingly, our model predicts earnings beats for these stocks:
BorgWarner (BWA - Free Report) has an Earnings ESP of +3.92% and currently carries a Zacks Rank #3. The company is slated to release quarterly numbers on Feb 15.
The Zacks Consensus Estimate for BorgWarner’s to-be-reported quarter’s earnings and revenues is pegged at 74 cents per share and $3.46 billion, respectively. Encouragingly, BWA surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 30.9%.
Allison Transmission Holdings (ALSN - Free Report) has an Earnings ESP of +1.45% and carries a Zacks Rank of 3 currently. The company is set to announce quarterly figures on Feb 16.
The Zacks Consensus Estimate for Allison’s to-be-reported quarter’s earnings and revenues is pegged at 92 cents per share and $597.9 million, respectively. ALSN surpassed earnings estimates in three of the preceding four quarters, delivering an average surprise of 3.9%.
Genuine Parts (GPC - Free Report) has an Earnings ESP of +0.31% and carries a Zacks Rank #2 at present. It is scheduled to report earnings results on Feb 17.
The Zacks Consensus Estimate for Genuine Parts’ to-be-reported quarter’s earnings and revenues is pegged at $1.60 per share and $4.66 billion, respectively. GPC surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 15.9%.
Image: Bigstock
Nissan (NSANY) to Report Q3 Earnings: What's in the Offing?
Nissan Motor Co. (NSANY - Free Report) is set to release third-quarter fiscal 2021 results on Feb 8. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at 4 cents and $18.98 billion, respectively.
This Japan-based company posted higher-than-expected earnings in the last reported quarter.
Nissan surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed in one, the average surprise being 13.1%. This is depicted in the graph below:
Nissan Motor Co. Price and EPS Surprise
Nissan Motor Co. price-eps-surprise | Nissan Motor Co. Quote
Trend in Estimate Revisions
The Zacks Consensus Estimate for Nissan’s fiscal third-quarter earnings per share has been revised upward by 13 cents to 4 cents in the past 30 days. Moreover, this suggests an improvement over the year-ago quarter’s loss of 8 cents per share. However, the Zacks Consensus Estimate for revenues suggests a year-over-year fall of 10.9%.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Nissan for the to-be-reported quarter, as it does not have the right combination of the two key ingredients. A combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, this is not the case here, as elaborated below.
Earnings ESP: Nissan has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate is on par with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Nissan carries a Zacks Rank of 3 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors at Play
Nissan is facing the effects of the global semiconductor chip crunch, which is currently affecting the auto sector. Surging raw material prices are also a headwind. These factors are likely to have dented the company’s production and sales during the December-end quarter, which in turn, are anticipated to have hurt the company’s quarterly top and bottom line.
Markedly, the automaker’s global production declined 21.5%, 20.2% and 23.6% year on year in the months of October, November and December 2021, respectively. Production in the Japan market plunged 44.9%, 23.6% and 48.4% year on year in October, November and December 2021, respectively.
Further, global sales plummeted 16.1%, 18.3% and 19.8% year on year in October, November and December 2021, respectively. Sales in the Japan market declined 5.5%, 10.3% and 32.6% year on year in October, November and December 2021, respectively.
Nonetheless, the company’s accelerated push toward electrification is a major tailwind. To that end, the company is working on delivering zero emissions across all aspects of its operations, including development, manufacturing and sales. Nissan is also preparing a business model using electricity from renewable energy that leverages the high-capacity storage capabilities of its electric vehicle batteries. During the quarter, the automaker inked an agreement with Super City AiCT Consortium for bringing carbon neutrality in Smart City Aizuwakamatsu. These efforts are likely to have provided some respite to the auto giant’s fiscal third-quarter results.
Stocks With Favorable Combination
Here are a few other stocks in the auto sector lined up to release quarterly results soon. Encouragingly, our model predicts earnings beats for these stocks:
BorgWarner (BWA - Free Report) has an Earnings ESP of +3.92% and currently carries a Zacks Rank #3. The company is slated to release quarterly numbers on Feb 15.
The Zacks Consensus Estimate for BorgWarner’s to-be-reported quarter’s earnings and revenues is pegged at 74 cents per share and $3.46 billion, respectively. Encouragingly, BWA surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 30.9%.
Allison Transmission Holdings (ALSN - Free Report) has an Earnings ESP of +1.45% and carries a Zacks Rank of 3 currently. The company is set to announce quarterly figures on Feb 16.
The Zacks Consensus Estimate for Allison’s to-be-reported quarter’s earnings and revenues is pegged at 92 cents per share and $597.9 million, respectively. ALSN surpassed earnings estimates in three of the preceding four quarters, delivering an average surprise of 3.9%.
Genuine Parts (GPC - Free Report) has an Earnings ESP of +0.31% and carries a Zacks Rank #2 at present. It is scheduled to report earnings results on Feb 17.
The Zacks Consensus Estimate for Genuine Parts’ to-be-reported quarter’s earnings and revenues is pegged at $1.60 per share and $4.66 billion, respectively. GPC surpassed earnings estimates in the preceding four quarters, delivering an average surprise of 15.9%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.