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Compared to Estimates, Axalta Coating Systems (AXTA) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2024, Axalta Coating Systems (AXTA - Free Report) reported revenue of $1.32 billion, up 0.8% over the same period last year. EPS came in at $0.59, compared to $0.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.31 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of +15.69%, with the consensus EPS estimate being $0.51.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Axalta Coating Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Performance Coatings- Total: $877 million versus the four-analyst average estimate of $883.21 million. The reported number represents a year-over-year change of +2.5%.
Sales- Mobility Coatings- Total: $443 million compared to the $425.93 million average estimate based on four analysts. The reported number represents a change of -2.2% year over year.
Sales- Mobility Coatings- Commercial vehicle: $103 million versus $93.85 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.3% change.
Sales- Performance Coatings- Industrial: $323 million versus the four-analyst average estimate of $325.90 million. The reported number represents a year-over-year change of -1.3%.
Sales- Mobility Coatings- Light vehicle: $340 million versus the four-analyst average estimate of $332.06 million. The reported number represents a year-over-year change of -0.5%.
Sales- Performance Coatings- Refinish: $554 million versus $557.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
Adjusted EBIT- Mobility Coatings: $70 million versus $61.71 million estimated by four analysts on average.
Adjusted EBIT- Performance Coatings: $221 million versus $215.51 million estimated by four analysts on average.
Shares of Axalta Coating Systems have returned -0.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Axalta Coating Systems (AXTA) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Axalta Coating Systems (AXTA - Free Report) reported revenue of $1.32 billion, up 0.8% over the same period last year. EPS came in at $0.59, compared to $0.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.31 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of +15.69%, with the consensus EPS estimate being $0.51.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Axalta Coating Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Performance Coatings- Total: $877 million versus the four-analyst average estimate of $883.21 million. The reported number represents a year-over-year change of +2.5%.
- Sales- Mobility Coatings- Total: $443 million compared to the $425.93 million average estimate based on four analysts. The reported number represents a change of -2.2% year over year.
- Sales- Mobility Coatings- Commercial vehicle: $103 million versus $93.85 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.3% change.
- Sales- Performance Coatings- Industrial: $323 million versus the four-analyst average estimate of $325.90 million. The reported number represents a year-over-year change of -1.3%.
- Sales- Mobility Coatings- Light vehicle: $340 million versus the four-analyst average estimate of $332.06 million. The reported number represents a year-over-year change of -0.5%.
- Sales- Performance Coatings- Refinish: $554 million versus $557.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
- Adjusted EBIT- Mobility Coatings: $70 million versus $61.71 million estimated by four analysts on average.
- Adjusted EBIT- Performance Coatings: $221 million versus $215.51 million estimated by four analysts on average.
View all Key Company Metrics for Axalta Coating Systems here>>>Shares of Axalta Coating Systems have returned -0.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.