US Auto Suppliers' Q3 Results Could 'Largely Miss Expectations', Deutsche Bank Says

MT Newswires Live
2024-10-04

US auto suppliers are expected to post Q3 results that "could largely miss expectations," with the exception of a handful of companies, Deutsche Bank said in a note Friday.

A few of the auto suppliers are forecast to post in-line Q3 results and potentially "deliver small outperformance on margins," the analysts said.

"We expect broad-based top-line misses from suppliers, and some that could still meet margin expectations thanks to cost actions," the note also said.

While suppliers with little exposure to Stellantis' (STLA) inventory troubles, such as Adient (ADNT), American Axle (AXL), BorgWarner (BWA), and Visteon (VC) could still meet Q3 estimates, Aptiv (APTV), Autoliv (ALV), Dana (DAN), and Lear (LEA) are at risk of missing top-line expectations, the note said.

Deutsche Bank singled out Aptiv as one company in the sector which may outperform on its bottom line in Q3.

Price: 21.44, Change: -0.35, Percent Change: -1.61

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10