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Axalta Coating (AXTA) reports robust Q3 results, with improved operating margins and positive performance in the Performance Coatings and Mobility Coatings segments.
Investors interested in stocks from the Chemical - Specialty sector have probably already heard of Axalta Coating Systems (AXTA) and Novozymes A/S (NVZMY). But which of these two stocks offers value investors a better bang for their buck right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Axalta Coating Systems (AXTA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Investors looking for stocks in the Chemical - Specialty sector might want to consider either Axalta Coating Systems (AXTA) or Novozymes A/S (NVZMY). But which of these two companies is the best option for those looking for undervalued stocks?
Axalta Coating Systems (AXTA) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.39 per share a year ago.
GLEN MILLS, Pa., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Axalta Coating Systems (NYSE: AXTA), a leading global coatings company, will release its third-quarter 2023 financial results at 6 a.m. ET on Wednesday, November 1. The release and supporting materials will be posted to the Investor Relations portion of axalta.com.
Axalta Coating Systems' stock price fell about 20% from its 52-week high and may continue to decline due to macroeconomic headwinds. The stock has potential to increase by 20% this year, but its high volatility and lack of dividend contribute to a risky outlook for retail value investors. Factors to consider for the company's future include the performance of the auto and industrial sectors, Wall Street analysts' ratings, and the company's debt and effectiveness in controlling expenses.
The Axalta NextJet by Axalta (AXTA) is the first collaboration between an inkjet printhead manufacturer and a coatings manufacturer.
An ERP implementation proved more difficult than anticipated. Axalta's industrial end markets are weakening.