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

• Axalta Coating Systems Ltd AXTA.N reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 59 cents to 66 cents per share.

• Revenue fell 3.4% to $1.31 billion from a year ago; analysts expected $1.32 billion.

• Axalta Coating Systems Ltd's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $109 million.

• Axalta Coating Systems Ltd shares had fallen by 3.3% this quarter and lost 16.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 9 "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 25.5% above its last closing price of $28.70

This summary was machine generated from LSEG data July 30 at 11:43 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)