Adient ADNT will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Adient to report an earnings per share (EPS) of $0.58.
The market awaits Adient's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Performance in Previous Earnings
During the last quarter, the company reported an EPS missed by $0.32, leading to a 0.05% increase in the share price on the subsequent day.
Here's a look at Adient's past performance and the resulting price change:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.64 | 0.42 | 0.47 | 0.59 |
| EPS Actual | 0.32 | 0.54 | 0.31 | 0.51 |
| Price Change % | 0.0% | -9.0% | 2.0% | -7.000000000000001% |
Market Performance of Adient's Stock
Shares of Adient were trading at $19.74 as of November 05. Over the last 52-week period, shares are down 37.73%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Adient visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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