(ALV) Autoliv Incorporated – Forth Quarter Earnings Guidance Raised

January 11th, 2010

Autoliv, Inc. (ALV) recently hit a new 52-week high after the company raised its Q4 guidance on strong demand out of China and automakers resocking invesntories.

Q4 Guidance Raised

On Dec 11, Autoliv boosted its Q4 outlook, saying it expects sales to increase 35% from last year, up from the previous forecast of a 25% increase. The company also expects its operating margin to increase to 9%, 2% better than the previous 7% forecast.

Third-Quarter Results

The higher guidance comes on the heels of Autoliv’s better than expected Q3 results, reported in late October. EPS came in at 36 cents, 9 cents ahead of the Zacks Consensus Estimate.

Estimates Rising

Estimates have been trending higher for the last few months, with the current year more than doubling to 57 cents. The next-year estimate is bullish, pegged at $2.73, a 382% growth projection.

Valuation

Based on the bullish next-year estimate, shares are trading with a forward P/E of 16, in line with the overall market.

The Chart

Shares of ALV have been trending higher since bottoming out in early March, recently gapping open higher on the higher guidance. Take a look below.

Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Surprise Trader Service.

Zacks Investment Research

More on this topic (What's this?)
Autoliv (ADR) Earnings Estimate $ALV (Robert Weinstein Trading Blog, 10/24/11)
Autoliv Plunging 10% On Heavy Volume (Phil’s Stock World, 7/8/11)
Autoliv, TRW drop on downgrade, earnings warning (Penny Stock DD, 7/8/11)
Read more on Autoliv at Wikinvest

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