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

• Axalta Coating Systems Ltd. AXTA.N reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 67 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 63 cents to 74 cents per share.

• Revenue rose 1.8% to $1.31 billion from a year ago; analysts expected $1.33 billion.

• Axalta Coating Systems Ltd.'s reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $95 million.

• Axalta Coating Systems Ltd. shares had risen by 7.7% this quarter and gained 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 11 "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 $38.50, about 10% above its last closing price of $34.64

This summary was machine generated from LSEG data October 29 at 05:25 p.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)