AB Volvo (VLVLY) Expected to Announce Earnings on Friday

Key Points

• AB Volvo is set to announce its earnings on Friday, October 17th, with expectations of $0.54 earnings per share and revenue of $115.7859 billion for the quarter.
• In the previous earnings report, the company reported $0.69 earnings per share, exceeding the consensus estimate by $0.16.
• Goldman Sachs downgraded AB Volvo from a "buy" to a "neutral" rating, contributing to a current consensus rating of "Hold" from various analysts.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) is anticipated to release its results before the market opens on Friday, October 17th. Analysts expect AB Volvo to post earnings of $0.54 per share and revenue of $115.7859 billion for the quarter.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.16. The business had revenue of $12.59 billion during the quarter, compared to analyst estimates of $122.35 billion. AB Volvo had a return on equity of 23.77% and a net margin of 8.90%. On average, analysts expect AB Volvo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AB Volvo Trading Down 1.9%

Shares of AB Volvo stock opened at $27.95 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.88. The firm has a market cap of $56.83 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 4.04 and a beta of 1.16. The business has a fifty day simple moving average of $29.59 and a 200-day simple moving average of $28.25. AB Volvo has a fifty-two week low of $22.55 and a fifty-two week high of $33.33.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded AB Volvo from a "buy" rating to a "neutral" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

AB Volvo Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.