• Axalta Coating Systems Ltd AXTA.N reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 48 cents to 58 cents per share.

• Revenue fell 2.5% to $1.26 billion from a year ago; analysts expected $1.29 billion.

• Axalta Coating Systems Ltd's reported EPS for the quarter was 45 cents​.

• The company reported quarterly net income of $99 million.

• Axalta Coating Systems Ltd shares had risen by 0.3% this quarter and lost 2.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Axalta Coating Systems Ltd is $40.50

This summary was machine generated from LSEG data May 7 at 11:38 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)