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BorgWarner (BWA) Optimistic on Organic Sales Prospects
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On Nov 20, we issued an updated research report on BorgWarner Inc. (BWA - Free Report) .
On Oct 26, the company posted adjusted earnings of 95 cents per share in third-quarter 2017, surpassing the Zacks Consensus Estimate of 87 cents. Adjusted earnings increased from 78 cents per share reported in the year-ago quarter. Revenues increased 9.1% year over year to $2.42 million, surpassing the Zacks Consensus Estimate of $2.24 billion.
Currently, organic net sales growth for the fourth quarter of 2017 is anticipated to be in the range of 5-6.5%. Net earnings for the fourth quarter are expected in the band of 99 cents to $1.01 per share. For 2017, the company expects net sales to be around $9.67-$9.70 billion against previous expectation of $9.28-$9.38 billion, which translates into organic growth rate of 9-9.5%.
The company expects positive impact of foreign currencies as a result of appreciation of euro of $37 million. Further, BorgWarner expects net earnings in the range of $3.65-$3.70 per share against the previous expectation of $3.50-$3.60 per share in 2017.
The stock has seen the Zacks Consensus Estimate for quarterly earnings being revised 3.1% upward to $1.01 over the last 30 days.
Over the past six months, shares of BorgWarner have outperformed the industry it belongs to. The company’s shares have gained 26.5% compared with the industry’s growth of 18.6%.
Volvo has a long-term growth rate of 15%. Its shares have increased 12.1% in the last three months.
Wabco has a long-term growth rate of 15%. Shares of the company have increased 21.9% in the last six months.
PACCAR has a long-term growth rate of 10%. Its shares have increased 7% in the last three months.
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Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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BorgWarner (BWA) Optimistic on Organic Sales Prospects
On Nov 20, we issued an updated research report on BorgWarner Inc. (BWA - Free Report) .
On Oct 26, the company posted adjusted earnings of 95 cents per share in third-quarter 2017, surpassing the Zacks Consensus Estimate of 87 cents. Adjusted earnings increased from 78 cents per share reported in the year-ago quarter. Revenues increased 9.1% year over year to $2.42 million, surpassing the Zacks Consensus Estimate of $2.24 billion.
Currently, organic net sales growth for the fourth quarter of 2017 is anticipated to be in the range of 5-6.5%. Net earnings for the fourth quarter are expected in the band of 99 cents to $1.01 per share. For 2017, the company expects net sales to be around $9.67-$9.70 billion against previous expectation of $9.28-$9.38 billion, which translates into organic growth rate of 9-9.5%.
The company expects positive impact of foreign currencies as a result of appreciation of euro of $37 million. Further, BorgWarner expects net earnings in the range of $3.65-$3.70 per share against the previous expectation of $3.50-$3.60 per share in 2017.
The stock has seen the Zacks Consensus Estimate for quarterly earnings being revised 3.1% upward to $1.01 over the last 30 days.
Over the past six months, shares of BorgWarner have outperformed the industry it belongs to. The company’s shares have gained 26.5% compared with the industry’s growth of 18.6%.
Currently, Volkswagen has a Zacks Rank #3 (Hold).
A few better-ranked companies in the auto space are AB Volvo (VLVLY - Free Report) , Wabco Holdings Inc. and PACCAR Inc. (PCAR - Free Report) and. While AB Volvo and Wabco Holdings sport a Zacks Rank #1 (Strong Buy), PACCAR carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Volvo has a long-term growth rate of 15%. Its shares have increased 12.1% in the last three months.
Wabco has a long-term growth rate of 15%. Shares of the company have increased 21.9% in the last six months.
PACCAR has a long-term growth rate of 10%. Its shares have increased 7% in the last three months.
Zacks’ Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks’ secret trade>>