VC-BEARISH SCENARIOLast month Visteon Corporation reported full-year earnings for FY 2022
Revenue: US$3.76b (up 35% from FY 2021).
Net income: US$124.0m (up 202% from FY 2021).
Profit margin: 3.3% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue.
EPS: US$4.41 (up from US$1.46 in FY 2021).
In a long term, the company has great fundamentals.
The revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in the US.
On a technical point, the price reached its all-time high on Monday, but an RSI divergence occurred and a correction is expected
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