Meritor: Q3 Earnings Insights

Shares of Meritor MTOR were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 139.17% year over year to ($0.47), which missed the estimate of ($0.46).

Revenue of $514,000,000 decreased by 55.92% year over year, which beat the estimate of $467,840,000.

Guidance

Q4 EPS expected to be between ($0.10) and ($0.10).

Q4 revenue expected to be between $700,000,000 and $700,000,000.

Conference Call Details

Date: Jul 29, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/sdjwvucn

Recent Stock Performance

52-week high: $27.18

Company's 52-week low was at $10.91

Price action over last quarter: Up 25.52%

Company Overview

Meritor Inc is a manufacturer of automobile parts for commercial vehicles and industrial markets. The company offers drivetrain, axle, brake, and suspension solutions for commercial trucks, trailers, buses, coaches, off-highway machinery, and defence contractors. The company serves original equipment markets as well as the aftermarket segment for the transportation and industrial sectors. Meritor generates the majority of its revenue from its commercial truck and industrial segment. Geographically, sales are focused on North American markets.