Compared to Estimates, Allison Transmission (ALSN) Q3 Earnings: A Look at Key Metrics
Allison Transmission (ALSN) reported $736 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 3.7%. EPS of $1.76 for the same period compares to $1.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $764.08 million, representing a surprise of -3.68%. The company delivered an EPS surprise of +2.33%, with the consensus EPS estimate being $1.72.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Allison Transmission performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- North America On- Highway: $376 million versus the four-analyst average estimate of $362.87 million. The reported number represents a year-over-year change of +10.6%.
Net Sales- North America Off- Highway: $9 million compared to the $26.51 million average estimate based on four analysts. The reported number represents a change of -62.5% year over year.
Net Sales- Service Parts Support Equipment & Other: $171 million versus $168.24 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
Net Sales- Defense: $43 million compared to the $40.08 million average estimate based on four analysts. The reported number represents a change of +22.9% year over year.
Net Sales- Outside North America Off- Highway: $19 million compared to the $33.02 million average estimate based on three analysts. The reported number represents a change of -47.2% year over year.
Net Sales- Outside North America On- Highway: $118 million versus the three-analyst average estimate of $127.48 million. The reported number represents a year-over-year change of 0%.
View all Key Company Metrics for Allison Transmission here>>>
Shares of Allison Transmission have returned -2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Allison Transmission Holdings, Inc. (ALSN) : Free Stock Analysis Report
