Mercedes-Benz Group AG
MBG: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€243.00 | Nfydh | Htgmpmvf |
Mercedes-Benz Earnings: Near-Term Headwinds Don't Change Long-Term Outlook
Narrow-moat Mercedes-Benz reported disappointing first-quarter earnings as macroeconomic pressures had an impact on results, driving shares down roughly 5% intraday on April 30. First-quarter sales and earnings per share fell short of FactSet consensus estimates by 8% and 2.4%, respectively. Despite near-term headwinds, our long-term outlook is unchanged, and we reiterate our EUR 117 per share fair value estimate.