The chart below shows how STLA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STLA sees a +3.73% change in stock price 10 days leading up to the earnings, and a -8.03% change 10 days following the report. On the earnings day itself, the stock moves by -2.38%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Inventory Reduction Analysis: Total group inventories were reduced by 70,000 units in contrast to a positive 10,000 unit build in the prior year third quarter.
Market Share Improvement: We are seeing encouraging early indications, not only improving market share in August and September, but with improvements in qualified leads for our dealers.
New BEV Product Excitement: We are excited about the new BEV products, which I think customers are going to love.
Order Book Expansion: We are building up the order book and then we can run very efficiently in 2025 and that’s going to help us, as I said spread fixed costs improve our margins.
Product Quality Assurance: We are very focused on making sure that these products are right.
Negative
Shipment Decline Analysis: Shipments of 1.15 million units were down 20% or 279,000 units versus the prior year and 5 points below the 15% decline in sales to customers.
Revenue Decline Analysis: Revenues of €33 billion were down 27%.
Inventory Reduction Analysis: Total group inventories were reduced by 70,000 units in contrast to a positive 10,000 unit build in the prior year third quarter.
North America Shipment Decline: In North America, shipments declined 36% or 170,000 units with almost 50,000 of the decrease associated with nameplates, which are currently on hiatus pending upcoming launches of next-generation successors.
Revenue Decline Analysis: Net revenues declined 27% due to not only the 20% consolidated shipment decline but also with significant headwinds from changes in mix, pricing and foreign exchange headwinds.
Stellantis N.V. (STLA) Q3 2024 Earnings Call Transcript
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