|Bid||8.23 x 800|
|Ask||11.00 x 800|
|Day's range||9.38 - 9.76|
|52-week range||5.25 - 18.65|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||24 Apr 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||11.80|
Veoneer, Inc. (VNE) delivered earnings and revenue surprises of -11.19% and 0.84%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Auto technology group Veoneer on Friday said it expected to reduce operating losses this year and markedly improve cash flows, despite the coronavirus-induced crisis in the car industry, as cost cuts and efficiency actions started to bite. The Sweden-based company, which makes radars, vision systems and advanced driver-assistance software, also dropped its forecast for organic sales growth in 2020, but said it still expected to outperform global car production. "We have a strong cash flow given where we are, and we are seeing good results from our internal actions," Veoneer CEO Jan Carlson told Reuters.
Veoneer, Inc. (VNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Geely-owned Volvo Cars and auto tech supplier Veoneer will split their jointly owned software venture Zenuity as the Swedish carmaker focuses on developing autonomous driving software, the companies said on Thursday. Volvo and Veoneer said last year they were conducting a strategic review of Zenuity, which develops software for advanced driver assistance systems (ADAS) and autonomous driving, in part due to a wider introduction of self-driving cars being pushed further into the future. Under the new agreement, Veoneer will integrate the current Zenuity business focused on ADAS software, while Volvo Cars will set up a new stand-alone company to take over Zenuity's development and commercialisation of unsupervised autonomous drive software.
Veoneer, Inc. (VNE) delivered earnings and revenue surprises of 15.53% and -0.79%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Although Tenneco (TEN) is taking incremental actions to facilitate the planned spinoff of DRiV, volatile industry environment and unfavorable market conditions are acting as deterrents.
Swedish auto technology group Veoneer said on Friday its order intake in 2019 was weaker than expected, blaming a timing delay in bookings for a surprisingly slow end to the year. On Friday, it estimated the lifetime value of its new order intake last year at around $2.5 billion, while its total order book was seen worth around $19 billion. Veoneer said the full-year order intake corresponded to an average annual new order intake of around $550 million, compared to $1 billion by the end of September.
As the momentum in the equity markets is expected to stay on firm-footing in 2020, these five stocks that failed to stand out in 2019 have a chance to outperform next year.
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Veoneer, Inc. (VNE) delivered earnings and revenue surprises of 12.41% and -2.77%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Swedish auto technology group Veoneer cut its full-year sales forecast on Wednesday and remained downbeat about global car production, but a smaller-than-expected third-quarter operating loss supported the company's shares. A deep slump in auto production has hit Veoneer and the wider automotive industry hard, forcing the company to raise capital earlier this year to shore up its balance sheet. "The automotive industry faced a volatile and challenging quarter, with light vehicle production being weaker than anticipated in July across most of our major markets," Veoneer CEO Jan Carlson said in a statement.
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