0840 ET - TD Cowen says Magna's 2025 guidance is well below consensus, which implies "sales at the mid-point to decline about 8% year-over-year to $39.4 billion," compared with consensus of $42.8 billion. Analyst Brian Morrison calls the outlook for the auto parts manufacturer "not surprisingly--soft," and also notes in a report that the EBIT margin guidance range of 5.3%-5.8% implies mid-point 2025 adjusted EBITDA and EPS of around $3.71 billion and $5.04, respectively, compared with consensus of $4 billion and $5.84. Tariffs could be another drag, but the company says its outlook does not incorporate any potential impact of the imposition of tariffs or changes in tariff rates. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 14, 2025 08:40 ET (13:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.