What to Expect from Allison Transmission's Earnings

What to Expect from Allison Transmission's Earnings

Benzinga
October 28, 2024

Allison Transmission (NYSE:ALSN) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Allison Transmission to report an earnings per share (EPS) of $1.99.

Allison Transmission bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

During the last quarter, the company reported an EPS beat by $0.11, leading to a 3.97% increase in the share price on the subsequent day.

Here's a look at Allison Transmission's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.02

1.89

1.43

1.72

EPS Actual

2.13

1.90

1.91

1.76

Price Change %

4.0%

-7.000000000000001%

14.000000000000002%

-10.0%

Stock Performance

Shares of Allison Transmission were trading at $98.49 as of October 25. Over the last 52-week period, shares are up 96.86%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Allison Transmission

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Allison Transmission.

The consensus rating for Allison Transmission is Neutral, derived from ...

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