BorgWarner Inc. ($BWA) Stock Forecast: Down 5.7% Today

What is BorgWarner Inc.?

BorgWarner (BWA) operates in the automotive and e-mobility sector, known for its industry-leading technologies and attracting investor attention for its market performance.

Why is BorgWarner Inc. going down?

BWA stock is down 5.7% on Aug 1, 2024 18:10

• BorgWarner (BWA) witnessed a decrease in its stock value today despite announcing mixed second-quarter results.
• The recent prisoner exchange involving U.S. Marine Corps veteran Paul Whelan and a Wall Street Journal reporter may have diverted focus from the company's favorable earnings announcement.
• While BorgWarner exceeded earnings per share forecasts, a drop in sales and falling short of revenue projections likely influenced the stock's downward trajectory.
• The stock's negative movement may be linked to the company's revised full-year 2024 net sales outlook, which was lower than anticipated, resulting in a pessimistic investor sentiment.

BWA Price Chart

BWA News

U.S. Marine Vet Paul Whelan & WSJ Reporter Evan Gershkovich Released in Russian Prisoner Swap

U.S. Marine Corps veteran Paul Whelan and Wall Street Journal reporter Evan Gershkovich, a graduate of Bowdoin College, were released from Russian prison on Friday as part of a prisoner swap negotiated between the U.S. government and the Kremlin. A former U.S. Marine, Whelan was arrested in Russia while working as security director for BorgWarner, […] The post U.S. Marine Vet Paul Whelan & WSJ Reporter Evan Gershkovich Released in Russian Prisoner Swap appeared first on The Maine Wire .

https://www.themainewire.com/2024/08/u-s-marine-vet-paul-whelan-wsj-reporter-evan-gershkovich-released-in-russian-prisoner-swap/

BorgWarner ( BWA ) Q2 Earnings Beat Estimates, Guidance Revised

BorgWarner (BWA) reports mixed second-quarter results and expects full-year 2024 net sales in the band of $14.1-$14.4 billion, down from the previous estimate of $14.4-$14.9 billion.

https://www.zacks.com/stock/news/2313363/borgwarner-bwa-q2-earnings-beat-estimates-guidance-revised

Why Automotive And e-Mobility Supplier BorgWarner's Shares Are Jumping Today - BorgWarner ( NYSE:BWA )

BorgWarner Inc BWA shares are trading higher after a better-than-expected second-quarter FY24 adjusted EPS and new contracts. The company reported a second-quarter FY24 sales decline of 2% year-on-year to $3.603 billion, missing the analyst consensus estimate of $3.706 billion.

https://www.benzinga.com/news/earnings/24/07/40072928/why-automotive-and-e-mobility-supplier-borgwarners-shares-are-jumping-today

BWA Stock Earnings: BorgWarner Beats EPS, Misses Revenue for Q2 2024

BorgWarner (NYSE:BWA) just reported results for the second quarter of 2024. BorgWarner reported earnings per share of $1.19. This was above the analyst estimate for EPS of $1.01. The company reported revenue of $3.60 billion. This was 2.88% worse than the analyst estimate for revenue of $3.71 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/bwa-stock-earnings-borgwarner-for-q2-of-2024/

BorgWarner Q2 2024 Earnings: GAAP EPS Soars to $1.39, Revenue Hits $3.60 Billion, Misses Estimates

BorgWarner Q2 2024 Earnings: GAAP EPS Soars to $1.39, Revenue Hits $3.60 Billion, Misses Estimates

https://www.gurufocus.com/news/2486904/borgwarner-q2-2024-earnings-gaap-eps-soars-to-139-revenue-hits-360-billion-misses-estimates

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BorgWarner Inc. Price History

19.06.2024 - BWA Stock was down 6.5%

• The bearish movement in BWA could be attributed to profit-taking by investors after a period of strong gains.
• A comparison with Gentex (GNTX) might have influenced market sentiment, leading to a shift in investment focus away from BorgWarner.
• Investors may have chosen to reallocate their funds based on the assessment that Gentex could offer better value, impacting BWA's stock performance.
• The overall market sentiment towards automotive stocks could have also played a role in the bearish movement of BorgWarner today.

09.01.2024 - BWA Stock was down 7.0%

• BorgWarner's strong bearish movement today could be attributed to their Q4 earnings missing estimates, indicating potential financial challenges.
• The lower-than-expected adjusted earnings per share and quarterly revenues could have disappointed investors, leading to a sell-off of the stock.
• The squeeze on profit margins in their EV business might have also contributed to the negative market sentiment surrounding BorgWarner today.

09.01.2024 - BWA Stock was down 7.0%

• BorgWarner reported fourth-quarter results that missed estimates, with lower-than-expected earnings per share and revenues. This could have contributed to the bearish movement in the stock.
• The company's EV business is squeezing profit margins, which might have raised concerns among investors.
• Despite the earnings miss, BorgWarner expects growth in its eProduct sales in the coming years, which could potentially be a positive factor for the stock.
• Overall, the bearish movement in BWA's stock could be attributed to the disappointing earnings results and concerns about profit margins in the EV business.

27.09.2023 - BWA Stock was down 5.1%

• The stock of BorgWarner (BWA) had a strong bearish movement today, closing at $38.23, marking a -0.98% move from the previous day.
• The bearish movement could be attributed to the overall market sentiment and investor concerns about the automotive industry.
• The expectation of BorgWarner beating earnings estimates in its upcoming report may have led to some investors taking profits, causing the stock to decline.
• The modest rise of +0.44% in a recent trading day could be seen as a temporary rebound, but it was not enough to outweigh the overall bearish sentiment in the market.

09.01.2024 - BWA Stock was down 7.0%

• Bearish movement in BWA stock today
• BorgWarner secures rights to produce LFP battery packs, indicating a focus on expanding their presence in the electric vehicle market.
• BorgWarner begins eMotor production for XPeng's X9 MPV, showcasing their involvement in the production of electric vehicle components.
• Earnings call reveals BorgWarner reached $14 billion in revenue in Q4, highlighting strong financial performance.
• BorgWarner's EV business squeezes profit margins, suggesting potential challenges in the electric vehicle market impacting the stock's performance.

08.01.2024 - BWA Stock was down 7.0%

• BorgWarner's EV business is putting pressure on its profit margins, which could be a contributing factor to the bearish movement.
• The company reported lower-than-expected earnings per share and quarterly revenues, which may have disappointed investors and led to the bearish market movement.
• Despite the disappointing results, BorgWarner expects growth in its eProduct sales in the coming years, which could potentially help reverse the bearish trend.
• The stock also fell due to disappointing free cash flow guidance and a Q4 miss, further impacting investor sentiment.

02.10.2023 - BWA Stock was down 10.6%

• BorgWarner cut its full-year revenue forecast due to weakening Chinese yuan, which suggests a potential impact on its international business and profitability.
• Despite a decrease in profit compared to the same period last year, BorgWarner managed to beat street estimates, indicating a relatively positive performance.
• The company's Q3 earnings beat expectations in terms of non-GAAP EPS, but missed revenue estimates, which could have contributed to the bearish market movement.
• Investors were eagerly awaiting BorgWarner's latest quarterly earnings report, with analysts estimating an EPS of $0.94. The market may have reacted negatively if the company failed to meet these expectations or provide positive guidance for future growth.

08.01.2024 - BWA Stock was down 6.9%

• BorgWarner shares are trading lower today after reporting fourth-quarter results that missed earnings per share and revenue estimates. This disappointing financial performance could be a key factor behind the bearish movement.
• Additionally, the stock fell on disappointing free cash flow guidance and a Q4 miss, as mentioned in an article.
• On a positive note, BorgWarner announced a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company Ltd. This could potentially contribute to future growth and increase the company's presence in the electric vehicle market.
• Furthermore, BorgWarner secured a major contract for EV parts, indicating its continued focus on expanding its presence in the electric vehicle sector. However, this positive news does not seem to have offset the negative impact of the disappointing financial results.

08.01.2024 - BWA Stock was down 7.5%

• BorgWarner (BWA) reported lower-than-expected Q4 earnings and revenues, leading to a bearish movement in the stock.
• The company's adjusted earnings per share of 90 cents missed the estimate of 94 cents, and quarterly revenues of $3.52 billion fell short of the street view of $3.65 billion.
• Additionally, the disappointing guidance for free cash flow and the miss in Q4 results contributed to the negative market sentiment.
• The strategic relationship agreement with FinDreams Battery could be seen as a positive development, but it did not have a significant impact on the overall market movement.

09.01.2024 - BWA Stock was down 7.0%

• The bearish movement in BWA today could be attributed to the following factors:
• 1. Quarterly Cash Dividend Distribution: The announcement of a cash dividend distribution might have raised concerns among investors about the company's financial health, leading to a bearish sentiment.
• 2. Strategic Relationship for Battery Production: BorgWarner securing rights to produce LFP battery packs for commercial vehicles could have been perceived as a risky move by investors, potentially impacting the stock negatively.
• 3. Earnings Call: Despite reaching $14 billion in revenue in Q4, the lack of a summary available for the earnings call might have left investors uncertain about the company's future prospects, contributing to the bearish market movement.
• Please note that the provided assessment is based on the given articles and may not encompass all factors influencing the market movement.

01.07.2024 - BWA Stock was down 5.7%

• BorgWarner (BWA) witnessed a decrease in its stock value today despite announcing mixed second-quarter results.
• The recent prisoner exchange involving U.S. Marine Corps veteran Paul Whelan and a Wall Street Journal reporter may have diverted focus from the company's favorable earnings announcement.
• While BorgWarner exceeded earnings per share forecasts, a drop in sales and falling short of revenue projections likely influenced the stock's downward trajectory.
• The stock's negative movement may be linked to the company's revised full-year 2024 net sales outlook, which was lower than anticipated, resulting in a pessimistic investor sentiment.

01.07.2024 - BWA Stock was down 5.0%

• Despite surpassing earnings projections with a robust GAAP EPS of $1.39, BorgWarner fell short of revenue expectations at $3.60 billion, prompting a downward trend in its stock.
• The company's stock experienced a decline, possibly due to disappointment over the revenue miss, overshadowing the positive news of exceeding EPS forecasts.
• Investors' response may have been negative to BorgWarner's downward revision of its full-year 2024 net sales guidance, raising concerns about future performance and growth prospects.
• Market sentiments, highlighted by a surge in technology stocks and futures before the Fed's decision, likely influenced BorgWarner's stock decline today, amidst a backdrop of varied corporate earnings revelations.