American Axle & Manufacturing (AXL) is scheduled to report 2nd quarter earnings on 08/09/2024, before the market opens.
Regarding Q2 estimates, Wall Street analysts expect American Axle & Manufacturing to post earnings of $0.11 per share. Revenue expectations are pegged at $1.59 billion. Last quarter, American Axle & Manufacturing beat earnings estimates, reporting EPS of $0.18 on estimates of $0.02. The stock rose by 2.32% the day after the last earnings release.
Year-to-date, AXL stock has fallen by -28.26%.
Is American Axle & Manufacturing Stock a Buy?
Wall Street’s consensus rating for AXL stock is a Moderate Sell, with an average analyst price target of $7.00, implying upside potential of 10.76% from current levels.
AXL shares have lost about -21.69% in the past six months.
About American Axle & Manufacturing
American Axle & Manufacturing Holdings, Inc. engages in the manufacture, engineering, design, and validation of driveline systems and related components. It operates through the following segments: Driveline, Metal Forming, and Casting. The Driveline segment consists of axles, drive shafts, power transfer units, rear drive modules, and electric and hybrid driveline products and systems for light trucks, service utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment manufactures axle shafts, ring and pinion gears, differential gears, transmission gears, and shafts and suspension components for original equipment manufacturers (OEMs), and Tier 1 automotive suppliers. The Casting segment produces thin wall castings and ductile iron castings, as well as differential cases, steering knuckles, control arms, and turbo charger housings for the light, commercial, and industrial markets. The company was founded by Richard E. Dauch on March 1, 1994 and is headquartered in Detroit, MI.
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