Auto Suppliers Setting Up Poorly Into Q4 Results

In the past week, a handful of auto suppliers have reported new guidance numbers for 2016 and beyond. Coming off a record sales year for the U.S. auto industry in 2015, the supplier projections have mostly come up short of consensus expectations.

Here's a summary of the recent disappointing supplier guidance.

Visteon Corp VC sees FY15 sales coming in at ~$3.1 billion, the high end of its previous range. However, the company's FY16 guidance of ~$3.2 billion came up short of consensus estimates of $3.25 billion.

Delphi Automotive PLC DLPH released FY16 sales guidance of $16.6-$17 billion versus consensus estimates of $16.82 billion. The company projects EPS of $5.80-$6.10, well short of expectations of $6.28.

Related Link: U.S. Automakers Struggle With Skeptical Investors

BorgWarner Inc. BWA projects FY16 EPS of $3.11-$3.32, once again short of consensus estimates of $3.42.

American Axle & Manufact. Holdings, Inc. AXL projects FY15 and FY16 sales of ~$3.9 billion and $4 billion, short of consensus estimates of $3.93 billion and $4.17 billion.

Magna International Inc. MGA now projects FY16 revenue of $30.3-$31.6 billion versus expectations of $32.41 billion and FY18 revenue of $33.1 billion versus expectations of $35 billion.

Disclosure: the author holds no position in the stocks mentioned.