Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Adient: mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Adient has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Īdient shares have added about 7.1% since the beginning of the year versus the S&P 500's gain of 7.3%. The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $3.51 billion. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Īdient, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $3.91 billion for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 5.24%. A quarter ago, it was expected that this automotive seating and interiors supplier would post earnings of $0.40 per share when it actually produced earnings of $0.34, delivering a surprise of -15%. This quarterly report represents an earnings surprise of -21.95%.
These figures are adjusted for non-recurring items. This compares to loss of $0.13 per share a year ago.
#Beem earnings free#
Overall, the Kentucky Derby and Oaks are two of the most prestigious races in horse racing, which is why they both continue to attract top jockeys, trainers, and horses from around the globe.Adient ( ADNT Quick Quote ADNT - Free Report) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.41 per share. The 1 1/8-mile Kentucky Oaks, held each year the day before the Derby, is the country's most lucrative race for three-year-old fillies, with a purse of $1.25 million.
This boost in prize money has helped make the Kentucky Derby one of the richest horse races in North America. In 2019, the purse was raised to $3 million, with the increase attributed to returns from historical racing machines at Churchill Downs Inc.'s gaming facility, Derby City Gaming, in Louisville, Kentucky. From 2005 to 2018, the purse expanded to more than $2 million and the winner obtained a cut of around $1.24 million. The inaugural Kentucky Derby in 1875 awarded $2,850 to the winner and $200 to the runner-up for a total purse of $3,050, but by 1996, the prize pool had surpassed $1 million. The Kentucky Derby purse has a long and storied history, as the prize money at stake in the Run for the Roses has increased significantly over time, reflecting the race's ever-growing popularity and prestige. The evolving history of the Kentucky Derby purse The winning owner(s) is also given a gold trophy, while the trainer, jockey, and breeder of the top horse get smaller silver trophies. Thus, the $1.86 million won by Justify had to be split among multiple owners. But in today's era of horse racing, it's not unusual for racehorses to have multiple owners.įor example, 2018 Triple Crown winner Justify was owned by a partnership formed by WinStar Farm (majority owner) along with China Horse Club, Head of Plains Partners, Starlight Racing, and Carcone Racing Stable. The trainer of the winning Derby horse receives a 10% cut of the $1.86 million winnings, just as the jockey does.īy contrast, the owner of the winning horse receives 80% of the purse, or about $1.488 million before taxes. The fourth- and fifth-place horses collect $100,000 and $60,000, respectively, which leaves the jockeys of those runners with around, $7,000 and $4,000 in earnings, before taxes. The second- and third-place jockeys each get a 5% cut of $600,000 and $300,000, respectively, and will dole out the same percentage as the winner to their agent and valet.
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