BorgWarner (BWA) Q2 Earnings & Revenue Beat Estimates
Zacks Investment Research | Jul 27, 2017 08:57AM ET
BorgWarner Inc. (NYSE:BWA) is a leading manufacturer of powertrain products for major automakers. Its products include four-wheel-drive and all-wheel-drive transfer cases (primarily for light trucks and sport utility vehicles), as well as automatic transmission and timing chain systems.
These products are produced and sold worldwide, primarily to original equipment manufacturers.
BorgWarner is poised to benefit from strong demand, global expansion, capital deployment and restructuring of the Drivetrain segment. Moreover, the company has a healthy balance sheet and ample cash flows, which can help increase shareholder returns.
Estimate Trend & Surprise History
Meanwhile, the company has a positive record in terms of earnings surprises. BorgWarner beat earnings estimates in each of the trailing four quarters. As a result, the company posted an average positive surprise of 3.32% over the last four quarters.
Investors have been eagerly awaiting BorgWarner’s latest earnings report to see whether it delivers an earnings beat.
Zacks Rank
BorgWarner currently has a Zacks Rank #3 (Hold). You can see Zacks Investment Research
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