Allison Transmission Beats Earnings Expectations with Strong Q2 Performance

Allison Transmission (ALSN) reported quarterly earnings of $2.13 per share, surpassing the Zacks Consensus estimate of $2.04 and exceeding last year's $1.92 per share. These figures are adjusted for non-recurring items, resulting in a 4.41% earnings surprise. In the previous quarter, the company beat expectations with earnings of $1.90 per share against an estimate of $1.88, reflecting a 1.06% positive surprise. Over the past year, Allison Transmission has consistently exceeded earnings estimates in all four quarterly reports. The company's stock has gained approximately 42.1% since the start of the year, outperforming the S&P 500's 13.8% rise. Looking ahead, investor sentiment will largely depend on management's commentary during the earnings call and future earnings outlooks. The company's current earnings estimate for the upcoming quarter is $1.95 per share on revenues of $782.52 million, and for the full fiscal year, an EPS of $7.69 on revenues of $3.15 billion. Recent positive revisions in earnings estimates have led to a Zacks Rank #2 (Buy) for ALSN, indicating expected outperformance in the near term. The broader automotive industry, particularly the original equipment se...