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Continental AG (CTTAY)
OTHER OTC:CTTAY
Holding CTTAY?
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 14.33%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call revealed a challenging start to 2024 with significant headwinds in the first quarter, particularly in the Automotive and Tires segments. However, the company remains optimistic about achieving its full-year guidance through strategic measures and improved performance in the second half. Significant order wins in Autonomous Mobility and cost-saving initiatives provide some positive outlook.Company Guidance
During the Q1 2024 earnings call for Continental AG (symbol: CON.DE), the company provided guidance despite encountering a challenging start to the year. They reported group sales of EUR 9.8 billion with an adjusted EBIT margin of 2%. The free cash flow was impacted by a one-time effect from the repurchase of ContiTech AG shares, resulting in approximately minus EUR 1.1 billion. Despite these challenges, the management expressed confidence in meeting their full-year guidance through improvements expected in the latter half of the year. Specifically, they anticipate stronger performance from Tires and ContiTech segments following internal cost-saving measures and ongoing pricing negotiations. The automotive segment faced a negative organic growth of 2.4% due to pricing and labor inflation challenges, but they remain optimistic about achieving the guidance corridor for the full year. Additionally, the company highlighted a EUR 4.6 billion order intake in the automotive sector, driven by strong performance in growth areas like Autonomous Mobility and Architecture and Networking.Reconfirmation of Guidance
Despite a challenging start to the year, Continental confirmed its guidance for the full year, expecting improvements in the second half due to self-help measures and renegotiations.
Strong Order Intake in Autonomous Mobility
Continental achieved an order intake of EUR 4.6 billion in the first quarter, with significant contributions from Autonomous Mobility, including a major win for next-generation surround radars.
Progress in Cost Management
Continental reported operational improvements in working capital and confirmed progress in its cost-saving measures, including a fixed cost reduction program expected to yield a low triple-digit million contribution in 2024.
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CTTAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTTAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $6.07 | $6.66 | +9.72% |
| Aug 07, 2024 | $5.94 | $6.35 | +6.90% |
| May 08, 2024 | $6.86 | $6.62 | -3.50% |
| Mar 07, 2024 | $7.76 | $7.68 | -1.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Continental AG (CTTAY) report earnings?
Continental AG (CTTAY) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Continental AG (CTTAY) earnings time?
Continental AG (CTTAY) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTTAY EPS forecast?
CTTAY EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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