Autoliv, Inc. (NYSE:ALV) is set to announce third quarter earning results on Friday 23rd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ALV to report 3Q20 income of $ 1.02 per share.
For the full year, analysts anticipate top line of $ 7063.37 million, while looking forward to income of $ 2.22 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,804.00 million ~ $ 8,890.00 million
Click Here For More Historical Outlooks Of Autoliv, Inc.
Previous Quarter Performance
Autoliv, Inc. communicated loss for the second quarter of $ 1.40 per share, from the revenue of $ 1,048.00 million. The quarterly revenues decreased 51.36 percent compared with the same quarter last year. According to street consensus, ALV was expected to report 2Q20 loss of $ 0.85 per share from revenue of $ 1059.59 million. The bottom line results missed street analysts by $ 0.55 or 64.71 percent, at the same time, top line results fell short of analysts by $ 11.59 million or 1.09 percent.
Stock Performance
Shares of Autoliv, Inc. traded up $ 1.70 or 2.06 percent on Thursday, reaching $ 84.20 with volume of 512.60 thousand shares. Autoliv, Inc. has traded high as $ 84.96 and has cracked $ 82.39 on the downward trend
The closing price of $ 84.20, representing a 116.19 % increase from the 52 week low of $ 38.16 and a 5.18 % decrease over the 52 week high of $ 87.01.
The company has a market capital of $ 7.35 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Recent Analyst recommendations
- On 23rd September 2020, downgraded by Exane BNP Paribas to Neutral from Outperform rating.
Autoliv, Inc., through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats. It operates in Europe and the Americas; and China, Japan, and rest of Asia.
