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Adient (ADNT) International Revenue Performance Explored
ADNTAdient(ADNT) Zacks Investment Research·2024-05-07 13:41

Core Viewpoint - Adient's international operations are crucial for assessing its financial strength and growth potential, especially in a globally interconnected economy [1][2]. Group 1: International Revenue Performance - In the recent quarter, Adient's total revenue was 3.75billion,adeclineof4.13.75 billion, a decline of 4.1% year-over-year [2]. - Asia contributed 742 million, or 19.8% of total revenue, which was a surprise of -4.07% compared to the consensus estimate of 773.51million[3].EMEAgenerated773.51 million [3]. - EMEA generated 1.37 billion, accounting for 36.5% of total revenue, slightly below the expected 1.38billion,representingasurpriseof0.631.38 billion, representing a surprise of -0.63% [3]. Group 2: Future Revenue Projections - Analysts project total revenue for the current fiscal quarter to reach 4.06 billion, reflecting a 0.1% increase from the same quarter last year [4]. - For the full year, total revenue is expected to be 15.44billion,indicatinga0.315.44 billion, indicating a 0.3% increase year-over-year [4]. - Revenue contributions from Asia and EMEA for the full year are anticipated to be 3.13 billion (20.3%) and $5.27 billion (34.1%), respectively [4]. Group 3: Stock Performance and Market Position - Adient's stock has decreased by 9.6% over the past month, while the Zacks S&P 500 composite fell by only 0.4% [7]. - Over the last three months, Adient's shares declined by 19%, contrasting with a 4.9% increase in the S&P 500 [7]. - The company currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance compared to the broader market in the near term [6].