On Apr 16, 2014, we issued an upgraded research report on
TRW Automotive Holdings Corp.
). This Zacks Rank #2 (Buy) stock reported positive earnings
surprises in each of the trailing four quarters with an average
beat of 9.46%.
TRW Automotive reported an 18.7% increase in its
fourth-quarter 2013 earnings to $1.84 per share from $1.55 (all
excluding special items) a year ago. Earnings per share beat the
Zacks Consensus Estimate of $1.63.
Revenues in the quarter grew 11.5% to $4.5 billion driven by
strong demand for TRW's innovative technologies, increased
vehicle production volumes together with positive currency
translation impacts. Revenues beat the Zacks Consensus Estimate
of $4.2 billion.
TRW Automotive is globally recognized as one of the largest
and most diversified suppliers of automotive systems, modules and
components to original equipment manufacturers (OEMs) and related
aftermarkets. The company continues to invest in innovative
technologies that enable it to win contracts. Moreover, it has a
strong financial position, which allows efficient capital
Revenues for the year are expected in the range of $17.3-$17.6
billion. In the first quarter of 2014, TRW is expected to report
total sales of $4.3 billion. The revenue expectation is based on
higher vehicle production volumes, partially offset by the exit
of certain businesses in the North American brake component and
The Zacks Consensus Estimate for TRW Automotive's 2014
earnings stands at $7.45 per share, up 8.1% over 2013.
Key Picks From the Sector
Some other stocks worth considering in the sector are
Superior Industries International, Inc.
), all of which carry a Zacks Rank #1 (Strong Buy).
SUPERIOR INDS (SUP): Free Stock Analysis
GENTHERM INC (THRM): Free Stock Analysis
TRW AUTOMTV HLD (TRW): Free Stock Analysis
VALEO SA-ADR (VLEEY): Get Free Report
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