Automotive technology company Visteon (NYSE: VC) will be reporting earnings this Thursday before market hours. Here’s what to expect.
Visteon beat analysts’ revenue expectations last quarter, reporting revenues of $948 million, flat year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EBITDA guidance missing analysts’ expectations significantly.
Is Visteon a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Visteon’s revenue to decline 3.8% year on year, a deceleration from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Visteon has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Visteon’s peers in the industrials segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Autoliv delivered year-on-year revenue growth of 6.8%, beating analysts’ expectations by 4.8%, and Winnebago reported revenues up 6%, topping estimates by 4.8%. Autoliv traded up 9% following the results while Winnebago was down 6.4%.
Read our full analysis of Autoliv’s results here and Winnebago’s results here.
There has been positive sentiment among investors in the industrials segment, with share prices up 11.2% on average over the last month. Visteon is up 17.9% during the same time and is heading into earnings with an average analyst price target of $113.82 (compared to the current share price of $101.36).
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