Company Overview - American Axle & Manufacturing Holdings, Inc. is a leading supplier of driveline and drivetrain systems, modules, and components for the light vehicle market, operating around 80 facilities in 18 countries [10] - Major customers include General Motors, Stellantis, and Ford [10] Investment Ratings - AXL is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A [11] - The stock has a Momentum Style Score of B, with shares increasing by 9.3% over the past four weeks [11] Earnings Estimates - Three analysts have revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.01 to $0.35 per share [11] - AXL has an impressive average earnings surprise of 933.4% [11] Investment Potential - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, AXL is recommended for investors' short lists [12]

American Axle & Manufacturing Holdings (AXL) reported third-quarter 2024 adjusted earnings of 20 cents per share, which surpassed the Zacks Consensus Estimate of a cent. The company had incurred a loss of 11 cents per share in the year-ago quarter.The company generated quarterly revenues of $1.50 billion, missing the Zacks Consensus Estimate of $1.51 billion. Revenues declined 3% on a year-over-year basis.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Segmental PerformanceIn the re ...

Have you looked into how American Axle & Manufacturing (AXL) performed internationally during the quarter ending September 2024? Considering the widespread global presence of this maker of auto parts, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory ...

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants David Lim - Head, IR David Dauch - Chairman and CEO Chris May - EVP and CFO Conference Call Participants Ryan Brinkman - JPMorgan John Murphy - Bank of America Joe Spak - UBS Dan Levy - Barclays Tom Narayan - RBC James Picariello - BNP Operator Good morning. My name is Betsy, and I will be your conference facilitator today. At this time, I would like to welcome everyone ...

® Third Quarter 2024 Earnings Call BRINGING THE FUTURE Forward-Looking Statements 2 In this presentation, we make statements concerning our expectations, beliefs, plans, objectives, goals, strategies, and future events or performance. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 and relate to trends and events that may affect our future financial position and operating results. The terms such as "will," "may," "could," "would," " ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 1-14303 | --- | --- | |--------------------------------------------------------------------------------------- ...

American Axle & Manufacturing (AXL) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1,900%. A quarter ago, it was expected that this maker of auto parts would post earnings of $0.10 per share when it actually produced earnings of $0.19, delivering a surprise of 90%.Over the last four quar ...

EXHIBIT 99.1 IMMEDIATE RELEASE AAM Reports Third Quarter 2024 Financial Results AAM Delivers Positive Year-Over-Year Performance DETROIT, November 8, 2024 -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the third quarter 2024. Third Quarter 2024 Results • Sales of $1.50 billion • Net income of $10.0 million, or 0.7% of sales • Adjusted EBITDA of $174.4 million, or 11.6% of sales • Diluted earnings per share of $0.08; Adjusted earnings per share of ...

American Axle & Manufacturing (AXL) closed the last trading session at $6.11, gaining 0.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $7.75 indicates a 26.8% upside potential. The mean estimate comprises eight short-term price targets with a standard deviation of $1.58. While the lowest estimate of $6 indicates a 1.8% decline from the current price level, the most optimistic a ...

American Axle & Manufacturing (AXL) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if ...