Report
Richard Hilgert
EUR 100.00 For Business Accounts Only

Veoneer Is a Near-Pure-Play in Advanced Driver Assist and Autonomous Vehicle Technologies

Narrow-moat rated Veoneer, supplier to the global automotive industry of autonomous driving technologies, reported first quarter 2019 earnings per share before special items (EPS) of -$1.57, $0.37 worse than the consensus EPS of -$1.20. We think that the underperformance was attributable to much worse-than-market-expected unfavorable operating leverage from the combination of lower global light vehicle production volume while ramping-up spending on the development of new business that has yet to...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Richard Hilgert

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