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Q2 Earnings Preview For American Axle & Mfg Hldgs

Benzinga Newsdesk

American Axle & Mfg Hldgs (NYSE: AXL) announces its next round of earnings this Friday, August 2. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.

Earnings and Revenue

Analysts expect American Axle & Mfg Hldgs earnings of 58 cents per share. Revenue will likely be around $1.78 billion, according to the consensus estimate.

In the same quarter last year, American Axle & Mfg Hldgs posted EPS of $1.23 on sales of $1.90 billion. The analyst consensus estimate would represent a 52.85% decline in the company's EPS figure. Sales would be down 6.37% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

View more earnings on AXL

 

Quarter Q1 2019 Q4 2018 Q3 2018 Q2 2018
EPS Estimate 0.340 0.42 0.9 1.1
EPS Actual 0.360 0.45 0.63 1.23

Stock Performance

Over the last 52-week period, shares of American Axle & Mfg Hldgs have declined 27.81%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.

Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. Analysts generally rate American Axle & Mfg Hldgs stock as Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

American Axle & Mfg Hldgs is scheduled to hold a conference call at 10:00 a.m. ET and it can be accessed here: https://78449.choruscall.com/dataconf/productusers/axl/mediaframe/31021/indexr.html

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