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Compared to Estimates, Allison Transmission (ALSN) Q2 Earnings: A Look at Key Metrics
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Allison Transmission (ALSN - Free Report) reported $783 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 17.9%. EPS of $1.92 for the same period compares to $1.26 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $743.23 million, representing a surprise of +5.35%. The company delivered an EPS surprise of +19.26%, with the consensus EPS estimate being $1.61.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Allison Transmission performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- North America On- Highway: $397 million versus $369.14 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.8% change.
Net Sales- North America Off- Highway: $25 million versus the five-analyst average estimate of $22.53 million. The reported number represents a year-over-year change of +25%.
Net Sales- Service Parts Support Equipment & Other: $181 million versus $158.44 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +31.2% change.
Net Sales- Defense: $33 million compared to the $35.38 million average estimate based on five analysts. The reported number represents a change of +13.8% year over year.
Net Sales- Outside North America Off- Highway: $24 million versus $33.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -25% change.
Net Sales- Outside North America On- Highway: $123 million versus the four-analyst average estimate of $124.19 million. The reported number represents a year-over-year change of +17.1%.
Shares of Allison Transmission have returned +4.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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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Compared to Estimates, Allison Transmission (ALSN) Q2 Earnings: A Look at Key Metrics
Allison Transmission (ALSN - Free Report) reported $783 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 17.9%. EPS of $1.92 for the same period compares to $1.26 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $743.23 million, representing a surprise of +5.35%. The company delivered an EPS surprise of +19.26%, with the consensus EPS estimate being $1.61.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Allison Transmission performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- North America On- Highway: $397 million versus $369.14 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +16.8% change.
- Net Sales- North America Off- Highway: $25 million versus the five-analyst average estimate of $22.53 million. The reported number represents a year-over-year change of +25%.
- Net Sales- Service Parts Support Equipment & Other: $181 million versus $158.44 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +31.2% change.
- Net Sales- Defense: $33 million compared to the $35.38 million average estimate based on five analysts. The reported number represents a change of +13.8% year over year.
- Net Sales- Outside North America Off- Highway: $24 million versus $33.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -25% change.
- Net Sales- Outside North America On- Highway: $123 million versus the four-analyst average estimate of $124.19 million. The reported number represents a year-over-year change of +17.1%.
View all Key Company Metrics for Allison Transmission here>>>Shares of Allison Transmission have returned +4.1% over the past month versus the Zacks S&P 500 composite's +5.6% 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.