Autoliv Earnings: What To Look For From ALV

Automotive safety systems provider Autoliv (NYSE:ALV) will be reporting earnings this Friday before market hours. Here’s what you need to know.

Autoliv beat analysts’ revenue expectations last quarter, reporting revenues of $2.82 billion, up 7.7% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.

Is Autoliv 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 Autoliv’s revenue to grow 1.9% year on year, a reversal from the 1.4% decrease it recorded in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Autoliv has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Autoliv’s peers in the industrials segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Winnebago delivered year-on-year revenue growth of 6%, beating analysts’ expectations by 4.8%, and Richardson Electronics reported revenues up 3.1%, topping estimates by 4.4%. Winnebago traded down 6.4% following the results while Richardson Electronics was up 22.7%.

Read our full analysis of Winnebago’s results here and Richardson Electronics’s results here.

There has been positive sentiment among investors in the industrials segment, with share prices up 6.5% on average over the last month. Autoliv is up 4.9% during the same time and is heading into earnings with an average analyst price target of $130.35 (compared to the current share price of $109.34).

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