Compared to Estimates, Axalta Coating Systems (AXTA) Q3 Earnings: A Look at Key Metrics

For the quarter ended September 2024, Axalta Coating Systems (AXTA) reported revenue of $1.32 billion, up 0.8% over the same period last year. EPS came in at $0.59, compared to $0.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.31 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of +15.69%, with the consensus EPS estimate being $0.51.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Axalta Coating Systems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Sales- Performance Coatings- Total: $877 million versus the four-analyst average estimate of $883.21 million. The reported number represents a year-over-year change of +2.5%. Sales- Mobility Coatings- Total: $443 million compared to the $425.93 million average estimate based on four analysts. The reported number represents a change of -2.2% year over year. Sales- Mobility Coatings- Commercial vehicle: $103 million versus $93.85 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.3% change. Sales- Performance Coatings- Industrial: $323 million versus the four-analyst average estimate of $325.90 million. The reported number represents a year-over-year change of -1.3%. Sales- Mobility Coatings- Light vehicle: $340 million versus the four-analyst average estimate of $332.06 million. The reported number represents a year-over-year change of -0.5%. Sales- Performance Coatings- Refinish: $554 million versus $557.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change. Adjusted EBIT- Mobility Coatings: $70 million versus $61.71 million estimated by four analysts on average. Adjusted EBIT- Performance Coatings: $221 million versus $215.51 million estimated by four analysts on average. View all Key Company Metrics for Axalta Coating Systems here>>>Shares of Axalta Coating Systems have returned -0.7% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Axalta Coating Systems Ltd. (AXTA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks