Compared to Estimates, Adient (ADNT) Q3 Earnings: A Look at Key Metrics

Core Insights - Adient reported $3.72 billion in revenue for the quarter ended June 2024, marking an 8.4% year-over-year decline and an EPS of$ 0.32 compared to $0.98 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of$ 3.81 billion, resulting in a surprise of -2.53%, while the EPS surprise was -52.24% against a consensus estimate of $0.67 [1] Revenue and Earnings Performance - Light Vehicle Production in North America was 4.2 million, exceeding the average estimate of 3.95 million [3] - Light Vehicle Production in China was 7 million, slightly below the average estimate of 7.28 million [4] - Light Vehicle Production in EMEA was 4.4 million, close to the average estimate of 4.47 million [5] - Light Vehicle Production in South America was 0.7 million, compared to the average estimate of 0.73 million [6] - Net Sales in Asia were$ 712 million, below the estimated $728.63 million, reflecting a -4% change year-over-year [7] - Net Sales from Eliminations were -$ 21 million, better than the estimated - $25.52 million, showing a -16% change year-over-year [8] - Net Sales in the Americas were$ 1.74 billion, slightly below the average estimate of $1.76 billion, with an -8.6% year-over-year change [9] - Net Sales in EMEA were$ 1.29 billion, under the average estimate of $1.35 billion, representing a -10.4% year-over-year change [10] Stock Performance - Adient shares have returned -8.3% over the past month, compared to the Zacks S&P 500 composite's -5.9% change, with a current Zacks Rank of 5 (Strong Sell) indicating potential underperformance in the near term [11]