e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Investing.com - Bernstein SocGen Group has reiterated its Market Perform rating and EUR8.00 price target on Stellantis NV (NYSE:STLA) (EPA:STLA), noting the automaker remains in "show-me" territory.
The research firm highlighted CEO Antonio Filosa’s comments during the October 30 third-quarter revenue call, where he pointed to favorable pricing for the first time after four consecutive quarters of unfavorable pricing. Filosa expressed confidence that Stellantis is well-positioned for future growth as past strategic mistakes are being corrected.
Stellantis maintained its fiscal year 2025 guidance from the first half, projecting sequential revenue improvement in the second half compared to the first half. The company expects an adjusted operating margin in the low-single digits and improved industrial free cash flow in the second half versus the first half.
The automaker reduced its anticipated headwind from tariffs to €1 billion from the previously estimated €1.5 billion, though this adjustment did not change overall guidance. Stellantis also indicated there would be unquantified charges in the second half of 2025 that would largely be excluded from adjusted operating income.
The company has initiated a warranty estimation process review and anticipates changes in those estimates along with one-off charges in the second half of 2025, though it has not quantified these potential impacts.
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