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.