Allison Transmission Stands Strong in Volatile Market
Allison Transmission (ALSN) sealed the last trading day at $82.28, a bump of +0.33% from the previous session, surpassing the S&P 500’s 0.95% daily loss. Conversely, the Dow recorded a 1.09% decrease and the Nasdaq, predominantly tech-focused, saw a decline of 0.84%.
Market Performance and Projections
Before today’s trading, the automatic transmission maker’s shares surged by 8.74% in the past month, outshining the Auto-Tires-Trucks sector’s 1.74% gain and the S&P 500’s 1.78% rise.
Investors are eagerly anticipating Allison Transmission’s financial results. Predictions suggest an EPS of $1.87, indicating a 1.08% growth from the same quarter last year. Revenue estimates sit at $759.85 million, up by 2.54% from the prior-year quarter.
For the full year, Zacks Consensus Estimates forecast earnings of $7.64 per share and revenue of $3.1 billion, showcasing a positive shift of +3.24% and +2.11%, respectively, from the previous year.
Analyst Estimates and Stock Outlook
Recent changes in analyst estimates for Allison Transmission reflect short-term business trends and signal confidence in the company’s performance and profitability. These revisions often impact stock prices, presenting a strategic opportunity for investors leveraging the Zacks Rank system.
With a Zacks Rank #1 (Strong Buy), Allison Transmission boasts a Forward P/E ratio of 10.73, trading at a discount compared to the industry average of 13.06. The company’s PEG ratio of 1.53, a forward-looking indicator like the P/E ratio, aligns favorably within the Automotive – Original Equipment industry.
Belonging to the Auto-Tires-Trucks sector, the Automotive – Original Equipment industry holds a Zacks Industry Rank of 98, positioning it among the top 39% of over 250 sectors. Research indicates that top-rated industries outperform the lower half by a substantial margin.
For comprehensive insights into these metrics and more, visit Zacks.com.
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The author’s views and opinions are solely their own and do not necessarily align with those of Nasdaq, Inc.
