American Axle & Manufacturing Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

• American Axle & Manufacturing Holdings Inc AXL.N reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -11 cents. The mean expectation of nine analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -14 cents to 1 cents per share.

• Revenue fell 3% to $1.50 billion from a year ago; analysts expected $1.50 billion.

• American Axle & Manufacturing Holdings Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $10 million.

• American Axle & Manufacturing Holdings Inc shares had risen by 0.6% this quarter and lost 29.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 397% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is also "hold"

Wall Street's median 12-month price target for American Axle & Manufacturing Holdings Inc is 7.00

This summary was machine generated from LSEG data November 8 at 04:19 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)