Allison Transmission (ALSN) Suffers a Larger Drop Than the General Market: Key Insights

From Nasdaq:

In the latest market close, Allison Transmission (ALSN) reached $58.15, with a -0.43% movement compared to the previous day, lagging behind the S&P 500. The company’s stock has climbed by 9.2% in the past month, exceeding its sector’s gain of 3.74% and the S&P 500’s gain of 5.24%.

The automatic transmission maker’s stock movement remains closely watched as the company’s financial results are impending. The company expects earnings per share (EPS) of $1.39, projecting a 8.55% decrease from the same quarter last year and revenue of $751.68 million, up 4.69% compared to the prior-year quarter. Analysts are advised to follow revisions to estimates to capture near-term stock moves.

Currently, Allison Transmission’s stock holds a Zacks Rank of #3 (Hold). The company is also being traded at a Forward P/E ratio of 8.46, reflecting a discount relative to the industry’s average Forward P/E of 14.04.

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