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BorgWarner's (BWA) Q1 Earnings & Revenues Beat Estimate

Sanjoy De

BorgWarner Inc. BWA 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!

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