Adient(ADNT) ZACKS·2024-07-30 15:07Earnings Expectations for Adient - Wall Street expects Adient to report a year-over-year decline in earnings and revenues for the quarter ended June 2024, with earnings per share (EPS) expected at 3.81 billion, down 6% YoY [1][2] - The consensus EPS estimate has remained unchanged over the last 30 days, reflecting analysts' collective reassessment of initial estimates [3] - The Most Accurate Estimate for Adient is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7%, indicating analysts have recently become bearish on the company's earnings prospects [6] Earnings Surprise History and Predictions - Adient delivered a positive earnings surprise of +38.46% in the last reported quarter, beating the consensus EPS estimate of 0.54 [7] - Over the last four quarters, the company has beaten consensus EPS estimates two times [7] - A positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 has historically resulted in a positive earnings surprise nearly 70% of the time, but Adient currently carries a Zacks Rank of 5, making it difficult to predict an earnings beat [5][6] Industry Comparison - Magna, another player in the Zacks Automotive - Original Equipment industry, is expected to post earnings of 11.12 billion, up 1.3% YoY [9] - Magna's consensus EPS estimate has been revised down by 3% over the last 30 days, and the company now has an Earnings ESP of -5.84%, combined with a Zacks Rank of 4, making it difficult to predict an earnings beat [9] - Over the last four quarters, Magna has surpassed consensus EPS estimates two times [9]