Market Overview

Recap: Meritor Q4 Earnings

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Shares of Meritor (NYSE:MTOR) fell 0.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share decreased 81.93% over the past year to $0.15, which beat the estimate of $0.03.

Revenue of $758,000,000 decreased by 26.26% year over year, which beat the estimate of $702,100,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $1.10 and $1.75.

The upcoming fiscal year's revenue expected to be between $3,100,000,000 and $3,350,000,000.

How To Listen To The Conference Call

Date: Nov 12, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/kkotzzct

Technicals

52-week high: $28.86

Company's 52-week low was at $10.91

Price action over last quarter: Up 21.13%

Company Overview

Meritor Inc is a manufacturer of automobile parts for commercial vehicles and industrial markets. The company offers drivetrain, axle, brake, and suspension solutions for commercial trucks, trailers, buses, coaches, off-highway machinery, and defence contractors. The company serves original equipment markets as well as the aftermarket segment for the transportation and industrial sectors. Meritor generates the majority of its revenue from its commercial truck and industrial segment. Geographically, sales are focused on North American markets.

 

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Posted-In: Earnings News