AB Volvo (VLVLY) Expected to Release Earnings on Friday

Key Points

• AB Volvo is expected to report quarterly earnings before the market opens on Friday, October 23. Analysts project earnings of $0.58 per share on $12.61 billion in revenue.
• In its latest quarter, Volvo reported $0.54 EPS, matching consensus estimates, while revenue of $13.09 billion exceeded expectations of $12.92 billion.
• The stock opened at $32.19, below its 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating, despite one recent downgrade to “strong sell.”

AB Volvo (OTCMKTS:VLVLY - Get Free Report) is expected to release its results before the market opens on Friday, October 23rd. Analysts expect AB Volvo to post earnings of $0.58 per share and revenue of $12.61 billion for the quarter.

AB Volvo (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The company reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54. AB Volvo had a return on equity of 20.16% and a net margin of 7.60%. The company had revenue of $13.09 billion for the quarter, compared to analysts' expectations of $12.92 billion. On average, analysts expect AB Volvo to post $2.13 EPS for the current fiscal year and $2.62 EPS for the next fiscal year.

AB Volvo Price Performance

Shares of OTCMKTS VLVLY opened at $32.19 on Friday. AB Volvo has a 1-year low of $26.11 and a 1-year high of $39.62. The business has a 50-day moving average of $34.36 and a 200-day moving average of $34.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.10 and a quick ratio of 0.82. The company has a market capitalization of $65.46 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.75 and a beta of 1.22.

Analyst Ratings Changes

VLVLY has been the topic of several analyst reports. Zacks Research downgraded AB Volvo from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Erste Group Bank upgraded AB Volvo to a "strong-buy" rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

AB Volvo Company Profile

AB Volvo, commonly known as the Volvo Group, is a Sweden-based manufacturer of commercial vehicles and related equipment. The company develops and sells heavy-duty trucks under brands including Volvo Trucks, Mack, Renault Trucks and UD Trucks, serving industries such as freight transportation, construction and distribution.

In addition to trucks, Volvo Group provides buses and coaches, construction equipment, and marine and industrial engines. Its offerings are supported by aftermarket services, spare parts, maintenance, repair and fleet-management solutions designed to help customers operate and maintain their vehicles and equipment.

Founded in 1927 and headquartered in Gothenburg, Sweden, AB Volvo serves customers through operations and sales networks across Europe, North America, South America, Asia, Africa and Oceania.

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