Autoliv (ALV) Reports Earnings Tomorrow: What To Expect

Automotive safety systems provider Autoliv (NYSE:ALV) will be reporting results this Friday before the bell. Here’s what investors should know.

Autoliv beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $2.71 billion, up 5.9% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EBITDA estimates.

Is Autoliv a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Autoliv’s revenue to grow 6.4% year on year to $2.78 billion, a reversal from the 4.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.88 per share.

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. Autoliv has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Autoliv’s peers in the automobile manufacturing segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Winnebago delivered year-on-year revenue growth of 12.3%, beating analysts’ expectations by 10.9%, and General Motors reported a revenue decline of 5.1%, falling short of estimates by 1.1%. Winnebago traded up 5.2% following the results while General Motors was also up 7%.

Read our full analysis of Winnebago’s results here and General Motors’s results here.

There has been positive sentiment among investors in the automobile manufacturing segment, with share prices up 9.1% on average over the last month. Autoliv is up 5.1% during the same time and is heading into earnings with an average analyst price target of $138.73 (compared to the current share price of $126.27).

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