On July 30, Stellantis NV declined 5.07% in regular trading, trading at approximately $5.72 per share, with turnover of $72.56 million.
The decline was triggered by the company's Q2 earnings report released earlier in the day. Adjusted EPS came in at 0.12 euros, down 20% year-over-year and significantly below the market consensus of 0.24 euros. Net revenue of 43.48 billion euros rose 13% year-over-year, slightly beating the 43.11 billion euro estimate. First-half adjusted EPS of $0.37 also missed analyst expectations of $0.41. While the company reaffirmed full-year mid-single-digit revenue growth guidance, the severe earnings shortfall sparked heavy selling pressure.
Compounding the negative sentiment, multiple institutions recently issued downgrades: Piper Sandler cut its rating from overweight to underweight with a target price slashed from $14 to $4; JPMorgan downgraded to neutral with a $6.85 target; HSBC moved from hold to reduce. The stock has now fallen to its lowest level since the merger that created the company, with North American margin recovery progress lagging far behind market expectations.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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