Axalta Coating Systems Ltd reports results for the quarter ended September 30 - Earnings Summary

• Axalta Coating Systems Ltd AXTA reported quarterly adjusted earnings of 67 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 61 cents to 67 cents per share.

• Revenue fell 2.4% to $1.29 billion from a year ago; analysts expected $1.30 billion.

• Axalta Coating Systems Ltd's reported EPS for the quarter was 51 cents​.

• The company reported quarterly net income of $110 million.

• Axalta Coating Systems Ltd shares had risen by 1.5% this quarter and lost 15.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.6% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Axalta Coating Systems Ltd is $35.55, about 18.3% above its last closing price of $29.06

This summary was machine generated from LSEG data October 28 at 11:45 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)