Adient PLC reports results for the quarter ended June 30 - Earnings Summary

• Adient PLC ADNT reported quarterly adjusted earnings of 45 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of eleven analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 38 cents to 57 cents per share.

• Revenue rose 0.7% to $3.74 billion from a year ago; analysts expected $3.63 billion.

• Adient PLC's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $36 million.

• Adient PLC shares had risen by 13.6% this quarter and gained 28.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 69.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

• Wall Street's median 12-month price target for Adient PLC is $20.00, about 10.5% below its last closing price of $22.11

This summary was machine generated from LSEG data August 6 at 01:32 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)