A Closer Look at 3 Auto Stocks Positioned for Q4 Earnings Beat
Allison(ALSN) Zacks Investment Research·2024-02-09 21:51
The fourth-quarter earnings season for the Auto-Tires-Trucks sector is in full swing now. So far, seven S&P 500 sector components — Tesla, PACCAR, General Motors, Ford, Cummins, O’Reilly and BorgWarner — have reported quarterly numbers. While Tesla, Cummins and BorgWarner missed fourth-quarter earnings estimates, General Motors, Ford, PACCAR, O’Reilly surpassed the same.Per the Earnings Trend report dated Feb 7, the auto sector’s earnings for the fourth quarter are expected to decline 32.4% on a year-over-y ...