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Honda to Report Q4 Earnings: Here's What to Expect

Honda Motor Co., Ltd. (NYSE: HMC) is slated to release fourth-quarter fiscal 2024 results on May 10. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at 44 cents per share and $37.96 billion, respectively. For the fiscal fourth quarter, the consensus estimate for HMC's earnings per share has moved down by 13 cents in the past 90 days. Its bottom-line estimates imply a decline of 13.73% from the year-ago reported number. The Zacks Consensus Estimate for revenues suggests a year-over-year rise of 14.50%. HMC surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once, the average surprise being 31.25%. This is depicted in the graph below: Honda Motor Co., Ltd. Price and EPS Surprise Honda Motor Co., Ltd. price-eps-surprise | Honda Motor Co., Ltd. Quote Q3 Highlights In third-quarter fiscal 2024, Honda posted adjusted earnings of $1.06 per share, surpassing the Zacks Consensus Estimate of 85 cents. This company reported adjusted earnings of $1.02 per share in the year-ago quarter. Honda posted revenues of $36.5 billion, missing the Zacks Consensus Estimate of $37.7 billion but rising from $31.5 billion in the year-ago quarter. Things to Note In the United States, Honda sold 333,824 units in the fourth quarter ...