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BorgWarner Inc. (BWA - Free Report) offers efficient and clean technology solutions, essential for combustion, hybrid and electric vehicles.
Earnings
The company reported adjusted earnings of $1 per share in first-quarter 2019, beating the Zacks Consensus Estimate of 94 cents. However, the figure decreased from $1.10 per share recorded in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.57 billion, beating the Zacks Consensus Estimate of $2.47 billion. The revenue figure for first-quarter 2018 was $2.78 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed a downward trend in the Zacks Consensus Estimate for annual earnings over the last seven days.
In all the trailing four quarters, the company delivered positive earnings in all the trailing four quarters, leading to an average beat of around 7 %.
We have highlighted some of the key stats from this Michigan-based company’s earnings announcement below:
Key Stats/Developments to Note
For second-quarter 2019, the company’s net organic sales are likely to be down 2.5% to flat from net sales of $2.69 billion in the year-ago quarter. Further, it envisions net earnings of $0.99-$1.05 per share.
For 2019, BorgWarner has reaffirmed its guidance. It anticipates net sales of $9.90-$10.37 billion and net earnings of $4-$4.25 per share. Further, operating margin is expected to be 11.9-12.2%.
Check back later for our full write up on BorgWarner’s earnings report!
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Image: Bigstock
BorgWarner's (BWA) Q1 Earnings & Revenues Beat Estimate
BorgWarner Inc. (BWA - Free Report) offers efficient and clean technology solutions, essential for combustion, hybrid and electric vehicles.
Earnings
The company reported adjusted earnings of $1 per share in first-quarter 2019, beating the Zacks Consensus Estimate of 94 cents. However, the figure decreased from $1.10 per share recorded in the year-ago quarter.
Revenues
BorgWarner logged revenues of $2.57 billion, beating the Zacks Consensus Estimate of $2.47 billion. The revenue figure for first-quarter 2018 was $2.78 billion.
Estimate Trend & Surprise History
Investors should note that stock has witnessed a downward trend in the Zacks Consensus Estimate for annual earnings over the last seven days.
In all the trailing four quarters, the company delivered positive earnings in all the trailing four quarters, leading to an average beat of around 7 %.
BorgWarner Inc. Price and EPS Surprise
BorgWarner Inc. Price and EPS Surprise | BorgWarner Inc. Quote
Zacks Rank
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 second-quarter 2019, the company’s net organic sales are likely to be down 2.5% to flat from net sales of $2.69 billion in the year-ago quarter. Further, it envisions net earnings of $0.99-$1.05 per share.
For 2019, BorgWarner has reaffirmed its guidance. It anticipates net sales of $9.90-$10.37 billion and net earnings of $4-$4.25 per share. Further, operating margin is expected to be 11.9-12.2%.
Check back later for our full write up on BorgWarner’s earnings report!
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>