Market Overview

Earnings Outlook For Axalta Coating Systems


On Thursday, October 22, Axalta Coating Systems (NYSE: AXTA) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equates to net income divided by the number of shares outstanding.

Earnings And Revenue

Axalta Coating Systems earnings will be near $0.33 per share on sales of $954.27 million, according to analysts. In the same quarter last year, Axalta Coating Systems reported EPS of $0.52 on revenue of $1.11 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street estimate would represent a 36.54% decline in the company's earnings. Revenue would have fallen 13.8% from the same quarter last year. Here is how the Axalta Coating Systems's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.11 0.29 0.43 0.44
EPS Actual -0.15 0.31 0.42 0.52
Revenue Estimate 627.08 M 1.01 B 1.13 B 1.13 B
Revenue Actual 652.70 M 983.50 M 1.10 B 1.11 B

Stock Performance

Over the past 52-week period, shares of Axalta Coating Systems have declined 10.1%.


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Posted-In: Earnings