Short interest for Allison Transmission gives investors a sense of the degree to which investors are betting on the decline of Allison Transmission's stock. Short interest data is updated every two weeks.

Allison Transmission Stock (NYSE:ALSN), Short Interest Report

Allison Transmission

Allison Transmission is the largest manufacturer of fully automatic transmissions for commercial vehicles. The company's automatic transmissions allow customers to achieve better fuel and operator efficiency than less expensive manual and automated manual transmissions. Allison serves several end markets, including on- and off-highway equipment and military vehicles. Its on-highway business has about 60% global market share. The company's transmissions can be found in Class 4-8 trucks, buses, and a limited number of large passenger vehicles (heavy-duty pickup trucks and motor homes). Allison also produces electric hybrid propulsion systems and is developing e-powertrains.

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Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Earnings

Tech

Trading Ideas

GELYY

TSLA

VWAGY

Tesla (NASDAQ: TSLA) posted disappointing first-quarter 2024 results, missing both earnings and revenue estimates. This marked the third earnings miss in a row for the electric vehicle behemoth, following 10 straight quarters of beat.

Tesla Q1 Earnings Miss Expectations, Decline Y/Y

Ford Motor Company (NYSE: F) is reducing the prices of some of its F-150 Lightning trims by up to $5,500 to stimulate demand for electric vehicles (EVs). The latest round of price cuts was focused on F-150 Lightning&#39;s mid-level variants.


Ford Reduces Prices of F-150 Lightning by Up to $5,500

Allison Transmission Holdings, Inc. Common Stock

Allison Transmission Holdings Inc

Shares of Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) fell sharply during Friday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/AON/earnings">quarterly financial results</a>.
Aon posted adjusted earnings of $5.66 per share, missing market estimates of $5.91 per share. The company's sales came in at $4.070 billion versus expectations of $4.126 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Aon shares dipped 7.4% to $283.19 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) shares jumped 73.3% to $1.2475 after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) gained 63% to $0.0845.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares gained 55% to $2.01 after dipping 16% on Thursday.</li>
<li>Universal Logistics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) surged 45.2% to $47.76 after the company reported better-than-expected first-quarter financial results.</li>
<li>Focus Universal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) jumped 40% to $0.3967 after the company announced board approval for the spin-off of Lusher.</li>
<li>BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) gained 37% to $2.68.</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) gained 29% to $0.6502. Concord Medical filed 2023 annual report on Form 20-F.</li>
<li>Exponent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPO#NASDAQ">EXPO</a>) shares climbed 28.5% to $102.41 after the company reported better-than-expected first-quarter financial results.</li>
<li>Skillsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) climbed 26.4% to $8.60.</li>
<li>MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) gained 24.2% to $0.61.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) gained 23% to $14.02 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company reported a year-over-year increase in quarterly daily active users.</li>
<li>Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) surged 22.2% to $16.98 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) surged 22.2% to $0.9888.</li>
<li>U.S. Silica Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLCA#NYSE">SLCA</a>) gained 20% to $15.67 after the company reported first-quarter financial results and entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo.</li>
<li>Earlyworks Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) rose 19.7% to $0.8725 after gaining 19% on Thursday.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) surged 19.5% to $23.03.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) shares gained 19.3% to $1.0150 after falling over 43% on Thursday.</li>
<li>ATRenew Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) surged 18.9% to $1.9150. ATRenew announced appointment of new director.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) gained 17.5% to $13.39.</li>
<li>Freight Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) climbed 17% to $1.0702 after gaining 5% on Thursday.</li>
<li>Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) shares gained 16% to $68.20 after the company reported better-than-expected first-quarter FY24 earnings.</li>
<li>AppFolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) surged 16% to $251.22 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) gained 15% to $7.97 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) shares rose 13.7% to $208.63 after the company reported better-than-expected third-quarter financial results.</li>
<li>Rogers Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROG#NYSE">ROG</a>) surged 12.7% to $123.46 after the company beat first-quarter EPS and sales estimates.</li>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) gained 11.3% to $7.92</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) rose 10.6% to $172.52 the company posted upbeat results for its first quarter. Alphabet's board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) gained 8.8% to $18.80 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $20 to $27.</li>
<li>AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) climbed 8.6% to $174.20 following second-quarter results.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTRA#NASDAQ">KTRA</a>) shares gained 8.4% to $0.8725 after gaining 15% on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>iClick Interactive Asia Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>) shares fell 48.8% to $1.31 after the company announced the termination of its merger agreement.</li>
<li>Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) fell 46.7% to $0.1540 after the company reported pricing of $2.7 million public offering.</li>
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 27.7% to $0.1584.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) dipped 25.3% to $0.5752.</li>
<li>Nature Wood Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWGL#NASDAQ">NWGL</a>) fell 24.5% to $12.71.</li>
<li>IMAC Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BACK#NASDAQ">BACK</a>) dipped 22.9% to $3.93.</li>
<li>reAlpha Tech Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) fell 20.8% to $1.10.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVSA#NASDAQ">ZVSA</a>) fell 19.3% to $4.84.</li>
<li>Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) dipped 19.1% to $439.40 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Kinsale Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) fell 17.3% to $374.29 following first-quarter results.</li>
<li>Aclarion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) fell 15.5% to $0.3319. Aclarion shares jumped 36% on Thursday after the company announced that its Nociscan solution will be used in the upcoming LIFEHAB trial evaluating the diagnosis and treatment of chronic low back pain.</li>
<li>Oil States International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) fell 15% to $4.5250 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) shares declined 14.8% to $53.55 after the company reported worse-than-expected first-quarter adjusted EPS results.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 13.5% to $7.59.</li>
<li>Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) fell 12.7% to $0.2260 after dipping 39% on Thursday. Chicken Soup For The Soul Entertainment received delinquency letter from the Nasdaq.</li>
<li>TriNet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) fell 11.5% to $112.11 after the company reported worse-than-expected first-quarter results and issued weak guidance.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares fell 11.1% to $31.23 after the company reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates.</li>
<li>Accolade, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) dipped 10.6% to $8.22 following quarterly results.</li>
<li>XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) fell 10.2% to $106.14.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares fell 9.4% to $179.76 after the company reported third-quarter financial results. Atlassian said Scott Farquhar has decided to step down from his role as co-CEO, effective Aug. 31. Cannon-Brookes will continue to lead Atlassian as CEO.</li>
<li>Vincerx Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) shares fell 8.8% to $0.8180 after the company announced pricing of underwritten public offering of common stock and warrants.</li>
<li>SCWorx Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) fell 8.7% to $2.52 after surging 36% on Thursday.   </li>
<li>ACM Research, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) fell 8.3% to $25.94 after announcing preliminary unaudited revenue and shipments for the first quarter.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares fell 8.2% to $57.63 after the company reported first-quarter financial results.</li>
<li>Processa Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) fell 7.8% to $2.52. Processa Pharmaceuticals shares jumped 50% on Thursday after HC Wainwright &amp; Co initiated coverage on the stock with a Buy rating and announced an $8 price target.</li>
<li>Red Rock Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) dipped 7.4% to $54.83.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) declined 7.3% to $128.07.</li>
<li>Allison Transmission Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) fell 6.6% to $74.97 following first-quarter results.</li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) fell 6.2% to $184.41.</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) shares declined 6.3% to $129.17 after the company reported first-quarter financial results.</li>
<li>Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) fell 4% to $116.44 following weak earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38459594/how-to-earn-500-a-month-from-dominos-pizza-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Domino&#8217;s Pizza Stock Ahead Of Q1 Earnings</a>

Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session

WIIM

Allison Transmission shares are trading lower after the company reported Q1 financial results.

Baird analyst Luke Junk maintains Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) with a Neutral and raises the price target from $84 to $87.

Price Target

Analyst Ratings

Baird Maintains Neutral on Allison Transmission, Raises Price Target to $87

The company reaffirmed full year 2024&nbsp;guidance&nbsp;provided to the market on&nbsp;February 13. Allison expects 2024 Net Sales in the range of&nbsp;$3,050&nbsp;to&nbsp;$3,150&nbsp;million, Net Income in the range of&nbsp;$635&nbsp;to&nbsp;$685 million, Adjusted EBITDA in the range of&nbsp;$1,070&nbsp;to&nbsp;$1,130&nbsp;million, Net Cash Provided by Operating Activities in the range of&nbsp;$700&nbsp;to&nbsp;$760 million, Capital Expenditures in the range of&nbsp;$125&nbsp;to&nbsp;$135 million, and Adjusted Free Cash Flow in the range of&nbsp;$575&nbsp;to&nbsp;$625 million.

Guidance

Allison Transmission Reaffirms 2024 Net Sales Outlook Of $3.05B-$3.15B, Est $3.108B

Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) reported quarterly earnings of $1.90 per share which beat the analyst consensus estimate of $1.89 by 0.53 percent. The company reported quarterly sales of $789.000 million which beat the analyst consensus estimate of $772.298 million by 2.16 percent. This is a 6.48 percent increase over sales of $741.000 million the same period last year.

Earnings Beats

Earnings Misses

Allison Transmission Q1 2024 GAAP EPS $1.90 Beats $1.89 Estimate, Sales $789.000M Beat $772.298M Estimate

Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) reported quarterly earnings of $1.90 per share which beat the analyst consensus estimate of $1.89 by 0.53 percent. This is a 2.7 percent increase over earnings of $1.85 per share from the same period last year. The company reported quarterly sales of $789.00 million which beat the analyst consensus estimate of $772.30 million by 2.16 percent. This is a 6.48 percent increase over sales of $741.00 million the same period last year.

Allison Transmission Q1 EPS $1.90 Beats $1.89 Estimate, Sales $789.00M Beat $772.30M Estimate

Allison 3414 Regional Haul Series&trade; (RHS) and 4000 Series&trade; now available to order as the exclusive fully automatic in International RH and HX Series trucks, respectively.

Reported Earlier, Allison Fully Automatic Transmissions Selected For International Truck's Latest S13 Models

Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) posted disappointing first-quarter 2024 results, missing both earnings and revenue estimates. This marked the third earnings miss in a row for the electric vehicle&nbsp;behemoth, following 10 straight quarters of beat. The company remained cautious about its vehicle volume growth rate for 2024, which is expected to be noticeably lower than 2023. 
First-quarter earnings per share of 45 cents missed the Zacks Consensus Estimate of 46 cents and also declined from the year-ago figure of 85 cents. Total revenues of $21.3 billion missed the consensus mark of $22.6 billion and declined 9% year over year.
<div class="chart_embed">
<h3>Tesla, Inc. Price, Consensus and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/TSLA/price-consensus-eps-surprise-chart?icid=chart-TSLA-price-consensus-eps-surprise-chart"><img alt="Tesla, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/c7/1713949263.png" style="height:268px; width:581px" title="" /> </a>
Tesla, Inc. price-consensus-eps-surprise-chart | Tesla, Inc. Quote
</div>
<h3>Key Takeaways</h3>
Tesla&#39;s first-quarter production totaled 433,371 units (412,376 Model 3/Y and 20,995 other models), which declined 2% year over year and missed our estimate of 474,571 units. The company delivered 386,810 vehicles, reflecting a year-over-year decline of 9% and lagging our estimate of 439,292 units. The Model 3/Y registered deliveries of 369,783 vehicles, marking a year-over-year decline of 10% and missing our projection of 413,323 units. 
Total automotive revenues of $17.38 billion were down 13% year over year and lagged our estimate of $20.87 billion. The reported figure also included $442 million from the sale of regulatory credits for electric vehicles, which decreased 15.2% year over year. Automotive sales, excluding revenues from leasing and regulatory credits, totaled $16.46 billion, missing our projection of $19.85 billion. 
Automotive gross profit came in at $3.2 billion. Automotive gross margin came in at 18.5%, which declined from 21.1% reported in the first quarter of 2023 and missed our forecast of 18.6%. Tesla&#39;s operating margin declined 592 basis points year over year to 5.5% in the quarter under discussion and also lagged our estimate of 8.2%. 
Energy Generation and Storage revenues came in at $1.64 billion in first-quarter 2024, which was higher than the year-ago quarter&#39;s figure of $1.53 billion but missed our estimate of $1.84 billion. Notably, energy storage deployments came in at 4.05 GWh, falling short of our projection of 4.2 GWh. 
Services and Other revenues were $2,288 million, which increased 25% year over year and topped our estimate of $2,273.7 million. Supercharging, part sales, used vehicle sales and merchandise sales drove growth on a year-over-year basis.
<h3>Financials</h3>
Tesla had cash/cash equivalents/investments of $26.86 billion as of Mar 31, 2024, compared with $29.1 billion as of Dec 31, 2023. Long-term debt and finance leases, net of the current portion, totaled $2,899 million, up from $2,857 million as of Dec 31, 2023. 
Net cash provided by operating activities amounted to $242 million in first-quarter 2024. Capital expenditure totaled $2.77 billion in the quarter under review. Tesla registered a negative free cash flow of $2.53 billion during the reported quarter against a positive free cash flow of $441 million generated in the year-ago period.
<h3>Zacks Rank &amp; Key Picks</h3>
TSLA currently carries a Zacks Rank #5 (Strong Sell). 
Some better-ranked players in the auto space are Geely Automobile Holdings Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gelyy#OTC">GELYY</a>), Allison Transmission Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NYSE">ALSN</a>) and Volkswagen AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. 
The Zacks Consensus Estimate for GELYY&#39;s 2024 sales suggests year-over-year growth of 36.6%. The EPS estimates for 2024 and 2025 have moved up 34 cents and 54 cents, respectively, in the past 30 days. 
The Zacks Consensus Estimate for ALSN&#39;s 2024 sales and earnings suggests year-over-year growth of 2.81% and 4.73%, respectively. The EPS estimates for 2025 have improved 32 cents in the past 30 days. 
The Zacks Consensus Estimate for VWAGY&#39;s 2024 sales suggests year-over-year growth of 20.16%. The EPS estimates for 2024 and 2025 have improved 7 cents and 29 cents, respectively, in the past 30 days.
<a href="https://www.zacks.com/stock/news/2260780/tesla-tsla-q1-earnings-miss-expectations-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2260780">To read this article on Zacks.com click here.</a>

Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, partnered with HST Otomotiv, Allison's licensed manufacturer in Türkiye, to deliver the Allison X1100-5A4 cross-drive transmission for integration into the Next Generation T-155 Firtina 155 mm Self-Propelled Howitzer for the Turkish Armed Forces. As part of the initial delivery, 10&nbsp;transmissions have been successfully provided to Türkiye, with several already installed in the vehicles. Full production of the new tracked defense vehicle is scheduled for July 2024, with a total of 140 Firtina Howitzers expected to be delivered to the Turkish Armed Forces. The Firtina is one of many growth opportunities expected to drive $100 million of incremental annual revenue in Allison's Defense end market.
"Allison has an established history of delivering propulsion solutions that deliver unrivaled reliability and durability for the severe duty-cycles associated with the defense end market," said Dana Pittard, Vice President, Defense Programs, Allison Transmission. "We are pleased to collaborate with HST to power Turkish-built defense vehicles for the&nbsp;Turkish Armed Forces with superior maneuverability, increased fuel efficiency and low maintenance requirements."
The Turkish Armed Forces first unveiled the tracked defense vehicle at the International Defense Industry Fair in Istanbul, Türkiye. The next generation Firtina features design and technology improvements including firepower and mobility upgrades. The vehicle can achieve a maximum speed of up to 65 km/h and is capable of navigating through ditches that are 2.8 meters wide and water bodies with a depth of 1.5 meters.
The Allison X1100 Series&#x2122;&nbsp;cross-drive transmission is specifically designed for heavy tracked combat vehicles from 45 to 63 tonnes. It offers four forward ranges, two reverse ranges and a cross-drive design that integrates steering and braking into a single compact, rugged unit. The X1100-5A4 transmission will enable the vehicle to operate efficiently in lower engine speeds, which is often required in severe duty-cycles including defense operations.
For more information on the Allison X1100 cross-drive transmission, visit <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4144158-1&amp;h=247484003&amp;u=https%3A%2F%2Fwww.allisontransmission.com%2Fen-gb%2Ftransmissions%2Fmodels%2Fx1100%3Futm_source%3DPR%26utm_medium%3DLink%26utm_campaign%3DFirtina_0923&amp;a=allisontransmission.com">allisontransmission.com</a>.

Contracts

Global

Allison Transmission Delivers Cross-Drive Transmission To Turkish Armed Forces For Next Generation Tracked Defense Vehicle; Says Firtina Is One Of Many Growth Opportunities Expected To Drive $100M Of Incremental Annual Revenue In Allison's Defense End Market

These new cranes will be in operation in remote areas of&nbsp;China&nbsp;including the desert and mountain terrain.&nbsp;In addition to SANY&#39;s STC5000 crane, Allison is also the propulsion solution provider for the company&#39;s SAC600E 60-ton crane.

Allison Transmission Expands Partnership With SANY To Offer Specialty Series Transmission For 500-Ton All-Terrain Crane

Goldman Sachs analyst Jerry Revich maintains Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) with a Sell and raises the price target from $55 to $63.

Goldman Sachs Maintains Sell on Allison Transmission, Raises Price Target to $63

Ratings for Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $72.75, a high estimate of $90.00, and a low estimate of $55.00. Marking an increase of 17.34%, the current average surpasses the previous average price target of $62.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1713186050_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Allison Transmission among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$78.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Ian Zaffino</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$55.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$68.00</td>
<td>$63.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Allison Transmission. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Allison Transmission compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Allison Transmission's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Allison Transmission's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ALSN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allison Transmission analyst ratings.</a>
<h2>About Allison Transmission</h2>
Allison Transmission is the largest manufacturer of fully automatic transmissions for commercial vehicles. The company's automatic transmissions allow customers to achieve better fuel and operator efficiency than less expensive manual and automated manual transmissions. Allison serves several end markets, including on- and off-highway equipment and military vehicles. Its on-highway business has approximately 60% global market share. The company's transmissions can be found in Class 4 through Class 8 trucks, buses, and a limited number of large passenger vehicles (heavy-duty pickup trucks and motor homes). Allison also produces electric hybrid propulsion systems and is developing e-powertrains.
<h3>Key Indicators: Allison Transmission's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Allison Transmission displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 7.94%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Allison Transmission's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 21.94%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Allison Transmission's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 14.07%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Allison Transmission's ROA excels beyond industry benchmarks, reaching 3.4%. This signifies efficient management of assets and strong financial health.
Debt Management: Allison Transmission's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.03, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Allison Transmission In The Eyes Of 4 Experts

JP Morgan analyst Tami Zakaria maintains Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) with a Neutral and raises the price target from $70 to $78.

JP Morgan Maintains Neutral on Allison Transmission, Raises Price Target to $78

Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) is reducing the prices of some of its F-150 Lightning trims by up to $5,500 to stimulate demand for electric vehicles (EVs). The latest round of price cuts was focused on F-150 Lightning&#39;s mid-level variants. 
Per the CarsDirect Report, the price adjustments of the F-150 Lightning came into effect on Apr 5, 2024. In the recent round of price cuts, the starting prices of Lightning Pro Standard Range and Lightning Platinum Extended Range variants remained unchanged at $54,995 and $84,995, respectively. 
While the starting prices of the F-150 Lightning XLT Standard Range and Lariat Extended Range were reduced by $2,000 and $2,500, respectively, the starting price of the F-150 Lightning Flash Extended Range was substantially slashed by $5,500. The new starting price of the F-150 Lightning Flash trim is $67,995, closer to its launch price of $69,995. 
With a target EPA range of 320 miles, a 15.5-inch touchscreen, the B&amp;O sound system with HD radio and speakers, a wireless charging pad, etc., the F-150 Lightning Flash trim is a value for money. 
Moreover, the F-150 Lightning, with the manufacturer&#39;s suggested retail price of below $80,000, qualifies for the full $7,500 federal tax credit in the United States. 
In the first quarter of 2024, Ford sold 20,233 EVs in the United States, indicating a surge of 86% year over year. Sales of F&#39;s Mach-E rose 77% year over year, and the vehicle became the second-best-selling electric SUV in the United States. 
With sales of 7,743 units, the F-150 Lightning remained the best-selling electric pickup in the United States. 
The sales of EVs gained momentum after the automaker reduced prices of Mach-E by up to $8,100 in February. It also offered substantial incentives on the F-150 Lightning. 
In January, Ford announced the prices of F-150 Lightning for the model year 2024, in which the prices of most trims increased from $2,000 to $7,500. The starting price of the F-150 Lightning Pro rose from $5,500 to $54,995. 
Although EV sales gained momentum in the first quarter of 2024, the automaker announced to reduce its workforce by one-third at its Rouge EV Centre, where the F-150 Lightning is manufactured. 
The recent round of price cuts followed the launch of Ford&#39;s new 2024 Mustang Mach-E, which has better range, rapid charging and quicker acceleration.
<h3>Zacks Rank &amp; Other Key Picks</h3>
F currently carries a Zacks Rank #2 (Buy). 
Some other top-ranked players in the auto space are Geely Automobile Holdings Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gelyy#OTC">GELYY</a>), Toyota Motor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) and Allison Transmission Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NYSE">ALSN</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. 
The Zacks Consensus Estimate for GELYY&#39;s 2024 sales suggests year-over-year growth of 36.6%. The earnings per share estimates for 2024 and 2025 have moved up 34 cents and 54 cents, respectively, in the past 30 days. 
The Zacks Consensus Estimate for TM&#39;s 2024 sales and earnings suggests year-over-year growth of 10% and 73.6%, respectively. The EPS estimates for 2024 and 2025 have improved $3.13 and $2.49, respectively, in the past 60 days. 
The Zacks Consensus Estimate for ALSN&#39;s 2024 sales and earnings suggests year-over-year growth of 2.1% and 3.2%, respectively. The EPS estimates for 2024 and 2025 have improved 67 cents and 71 cents, respectively, in the past 60 days.
<a href="https://www.zacks.com/stock/news/2254604/ford-f-reduces-prices-of-f-150-lightning-by-up-to-5-500?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2254604">To read this article on Zacks.com click here.</a>

During the last three months, 4 analysts shared their evaluations of Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $68.75, along with a high estimate of $90.00 and a low estimate of $55.00. This upward trend is apparent, with the current average reflecting a 15.88% increase from the previous average price target of $59.33.
<img src="https://www.benzinga.com/files/images/story/2024/1711479611_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Allison Transmission. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ian Zaffino</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$55.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$68.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$62.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Allison Transmission. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Allison Transmission compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Allison Transmission's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Allison Transmission's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALSN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allison Transmission analyst ratings.</a>
<h2>All You Need to Know About Allison Transmission</h2>
Allison Transmission is the largest manufacturer of fully automatic transmissions for commercial vehicles. The company's automatic transmissions allow customers to achieve better fuel and operator efficiency than less expensive manual and automated manual transmissions. Allison serves several end markets, including on- and off-highway equipment and military vehicles. Its on-highway business has approximately 60% global market share. The company's transmissions can be found in Class 4 through Class 8 trucks, buses, and a limited number of large passenger vehicles (heavy-duty pickup trucks and motor homes). Allison also produces electric hybrid propulsion systems and is developing e-powertrains.
<h3>Allison Transmission: Delving into Financials</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Allison Transmission's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 5.3%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Allison Transmission's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 21.94%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Allison Transmission's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.07% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Allison Transmission's ROA stands out, surpassing industry averages. With an impressive ROA of 3.4%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.03, caution is advised due to increased financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Assess Allison Transmission: What You Need To Know

Oppenheimer analyst Ian Zaffino maintains Allison Transmission (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) with a Outperform and raises the price target from $67 to $90.

Oppenheimer Maintains Outperform on Allison Transmission, Raises Price Target to $90

Allison to support continued growth in the region with new authorized service location in Rwanda.
Allison Transmission and Yutong Bus Co., Ltd., a leading bus manufacturer in China, are steadfastly growing their presence in Rwanda. Over the past decade, the companies have collaborated to export transit buses equipped with Allison fully automatic transmissions to the African nation. Recently, Kigali, Rwanda's capital city, once again upgraded its fleet with city transit buses equipped with Allison Torqmatic&#xAE; Series transmissions.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240321544931/en/">https://www.businesswire.com/news/home/20240321544931/en/</a>
&nbsp;
"The customer has been consistently satisfied with the performance of Allison transmissions that have been operating in their existing Yutong buses in Rwanda since 2014," said Zhang Jinbing, Sales Manager, Yutong Bus Co., Ltd. "When the time came to add new vehicles to their fleet, we selected the Allison T280R transmission for its ability to meet the unique demands of city buses."
The Allison Torqmatic Series is a line of fully automatic transmissions specifically designed for city and suburban buses and tour coaches. With up to six forward speeds and one reverse, the T-series enables easy and efficient operation, optimizing the driver and rider experience.
"Our collaboration with Yutong to deliver transit buses to Rwanda is the latest example of Allison's continued growth in global export markets," said Heidi Schutte, Vice President of EMEA, APAC and South America Sales, Allison Transmission. "As a key industry leader, we've formed partnerships with Chinese manufacturers to deliver city buses that provide customers with a leading combination of reliability, fuel efficiency, performance and value."
To further bolster its global reach, Allison is expanding its extensive service network by introducing an authorized service location in Rwanda. This strategic move will not only facilitate the company's expansion in Africa but also solidify its presence within the region. With an expanding global network of approximately 1,600 independent Allison distributors and dealers, customers have unparalleled access to swift and reliable support, when and where needed most. Moreover, Allison recently forged service partnerships with key partners, including Penske in Australia and Polska Grupa Zbrojeniowa (PGZ) in Europe, further cementing its commitment to providing top-notch services worldwide.
To learn more about Allison's Authorized Services, visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.allisontransmission.com%2Fen-gb%2Fparts-service%2Fusing-authorized-services%3Futm_source%3DPR%26utm_medium%3DLink%26utm_campaign%3DZhontong_0224&amp;esheet=53913642&amp;newsitemid=20240321544931&amp;lan=en-US&amp;anchor=allisontransmission.com&amp;index=1&amp;md5=55c86134fe2350de4c6a205dae30821f">allisontransmission.com</a>.

Allison Transmission And Yutong Expand Presence In Rwanda

New Orleans RTA Selects Allison eGen Flex-Equipped New Flyer Electric Hybrid Buses

A month has gone by since the last earnings report for Allison Transmission (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NYSE">ALSN</a>). Shares have added about 7.8% in that time frame, outperforming the S&amp;P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Allison Transmission due for a pullback? Before we dive into how investors and analysts have reacted as of late, let&#39;s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
<h3>Allison Q4 Earnings Top Estimates</h3>
Allison delivered fourth-quarter 2023 earnings of $1.91 per share, which rose 25.6% year over year and topped the Zacks Consensus Estimate of $1.42. The outperformance can be attributed to higher-than-expected sales from North America On-Highway, Defense&nbsp;and Outside North America Off-Highway&nbsp;end markets. Record quarterly revenues of $775 million grew 8% from the year-ago period and outpaced the Zacks Consensus Estimate of $755 million.
<h3>Segmental Performance</h3>
Allison segregates revenues in terms of end markets served, which are as follows:
In the reported quarter, net sales in the&nbsp;North America On-Highway&nbsp;end market rose 14% year over year to $380 million and surpassed the Zacks Consensus Estimate of $358 million. High demand for Class 8 vocational medium-duty trucks resulted in sales outperformance.
Net sales in the&nbsp;North America Off-Highway&nbsp;end market tanked 79% to $5 million from the year-ago period and lagged the consensus mark of $18.77 million. &nbsp;
In the reported quarter, net sales in the&nbsp;Defense&nbsp;end market rose 34% year over year to $63 million and beat the Zacks Consensus Estimate of $51 million, driven by higher demand for Tracked and Wheeled vehicle applications.
The&nbsp;Outside North America On-Highway&nbsp;end market&#39;s net sales of $128 million declined from $131 million generated in the corresponding quarter of 2022. The reported figure also fell short of the consensus mark of $138 million. &nbsp;
Net sales in the&nbsp;Outside North America Off-Highway&nbsp;end market surged 31% year over year to $38 million and surpassed the Zacks Consensus Estimate of $29.10 million thanks to high demand in the mining sector.
Net sales in the&nbsp;Service Parts, Support Equipment &amp; Other&nbsp;end markets grew 4.5% year over year to $161 million in the quarter and came in line with the consensus estimate.
<h3>Financial Position</h3>
Allison saw a gross profit of $371 million, an increase from $338 million for the same period in 2022, mainly driven by price increases in certain products.
Adjusted EBITDA in the quarter came in at $277 million, an increase from $245 million a year ago. The growth was led by higher gross profit.
Selling, general and administrative expenses in the quarter decreased to $92 million from $97 million for the same period in 2022. Engineering &ndash; research and development expenses were $54 million compared with $49 million recorded in the corresponding quarter of 2022.
Allison had cash and cash equivalents of $555 million on Dec 31, 2023, up from $232 million as of Dec 31, 2022. Long-term debt was $2,497 million compared with $2,501 million as of Dec 31, 2022.
Net cash provided by operating activities totaled $238 million. Adjusted free cash flow in the reported quarter was $186 million, up from $132 million generated in the year-ago period.
During the fourth quarter, the company paid out a quarterly dividend of 23 cents/share and repurchased shares worth $105 million.
<h3>2024 Outlook</h3>
Allison&#39;s full-year 2024 net sales are estimated in the band of $3.05-$3.15 billion. Net income is expected in the band of $635-$685 million. Adjusted EBITDA is estimated within $1.07-$1,13 billion. It expects net cash provided by operating activities between $700 million and $760 million. Capex is expected in the band of $125-$135 million. Adjusted free cash flow is estimated within $575-$625 million.
&nbsp;
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in estimates revision.
The consensus estimate has shifted 11.86% due to these changes.
VGM Scores
Currently, Allison Transmission has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren&#39;t focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Allison Transmission has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
Allison Transmission belongs to the Zacks Automotive - Original Equipment industry. Another stock from the same industry, Lear (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lea#NYSE">LEA</a>), has gained 6.5% over the past month. More than a month has passed since the company reported results for the quarter ended December 2023.
Lear reported revenues of $5.84 billion in the last reported quarter, representing a year-over-year change of +8.8%. EPS of $3.03 for the same period compares with $2.81 a year ago.
For the current quarter, Lear is expected to post earnings of $3.19 per share, indicating a change of +14.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -3.1% over the last 30 days.
Lear has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
&nbsp;
<a href="https://www.zacks.com/stock/news/2240859/why-is-allison-transmission-alsn-up-7-8-since-last-earnings-report?cid=CS-BENZ-FT-realtime_blog-2240859">To read this article on Zacks.com click here.</a>

Economics

Why Is Allison Transmission (ALSN) Up 7.8% Since Last Earnings Report?

Allison Transmission Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company's quarterly dividend from $0.23 to $0.25 per share on the Company's common stock and has declared a cash dividend of $0.25 per share on the Company's common stock for the first quarter of 2024. Payment will be made on March 15, to stockholders of record at the close of business on March 4.
"For the fifth consecutive year, Allison's Board of Directors has approved an increase to the quarterly dividend, demonstrating once again our unwavering commitment to prudent balance sheet management and capital allocation," said Fred Bohley, Senior Vice President, Chief Financial Officer and Treasurer at Allison. "The consistent return of capital to shareholders, while simultaneously investing across the organization, is supported by Allison's strong financial performance, as well as our disciplined and well-defined approach to the capital structure."
The payment of any future dividends will be at the discretion of the Board of Directors and will be dependent upon Allison Transmission's financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board of Directors.
The Company also announced today that its 2024 annual meeting of stockholders will be held on May 8. The record date for the meeting will be March 11.

Dividends

Allison Transmission Announces Increase To Quarterly Dividend From $0.23 To $0.25 Per Share

Allison Transmission Holdings Q1 2024 Earnings Preview

Polaris Global Equity Composite Q1 2024 Commentary

Allison Transmission Holdings GAAP EPS of $1.90 beats by $0.01, revenue of $789M beats by $16.7M

Allison Transmission Holdings, Inc. (ALSN) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Allison Transmission (NYSE:<a href="https://investorplace.com/stock-quotes/alsn-stock-quote/">ALSN</a>) just reported results for the first quarter of 2024.<ul><li>Allison Transmission reported earnings per share of $1.90. This was above the analyst estimate for EPS of $1.89.</li><li>The company reported revenue of $789.00 million.</li><li>This was 2.16% better than the analyst estimate for revenue of $772.30 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/alsn-stock-earnings-allison-transmission-for-q1-of-2024/">ALSN Stock Earnings: Allison Transmission Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ALSN Stock Earnings: Allison Transmission Beats EPS, Beats Revenue for Q1 2024

In a report released today, Jerry Revich from Goldman Sachs maintained a Sell rating on Allison Transmission Holdings (ALSN – Research Report). The...

Allison Transmission Holdings (ALSN) Receives a Sell from Goldman Sachs

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Dick's Sporting Goods (DKS – Research Repor...

Analysts Offer Insights on Consumer Cyclical Companies: Dick's Sporting Goods (DKS) and Allison Transmission Holdings (ALSN)

Allison Transmission declares $0.25 dividend

The latest update is out from Allison Transmission Holdings (ALSN). At the annual meeting of Allison Transmission Holdings, Inc. on May 8, 2024, sh...

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Allison Transmission Stock (NYSE:ALSN), Short Interest Report

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