BorgWarner Inc. (BWA - Free Report) , a leading manufacturer of powertrain products for major automakers, reported adjusted earnings of $1.07 per share in the fourth quarter of 2017, beating the Zacks Consensus Estimate of $1.02. Adjusted earnings increased from 85 cents reported in the year-ago quarter.
BorgWarner logged revenues of $2.59 billion, beating the Zacks Consensus Estimate of $2.50 billion. The revenue figure for fourth-quarter 2016 was $2.26 billion.
Estimate Trend & Surprise History
Meanwhile, the company has a positive record in terms of earnings surprises. BorgWarner beat earnings estimates in each of the trailing four quarters. As a result, the company posted an average positive surprise of 6.7% over the last four quarters.
Investors have been eagerly awaiting BorgWarner’s latest earnings report to see whether it delivers an earnings beat.
BorgWarner currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this Michigan-based company’s earnings announcement below:
Key Stats/Developments to Note
For first-quarter 2018, the company expects net earnings to be within the range of 99 cents to $1.31 per share. Moreover, it expects net organic sales growth of 3-5.5%, in comparison to net sales of $2.41 billion, recorded in the year-ago quarter.
For 2018, the company has reaffirmed organic growth guidance and expects net sales of around $10.52-$10.69 billion, which translates into organic growth rate of 5-7%. The company expects positive impact of foreign currencies due to the appreciation of the Euro and Chinese Yuan of $170 million.
Further, BorgWarner expects net earnings in the range of $4.25-$4.35 per share.
Check back later for our full write up on BorgWarner’s earnings report!
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