American Axle & Manufacturing Holdings, Inc. AXL posted adjusted earnings of 45 cents per share in the fourth quarter, beating the Zacks Consensus Estimate of 43 cents. In fourth-quarter 2017, adjusted earnings were 89 cents.During the quarter under review, the company reported net loss of $361.8 million or loss of $3.24 per share against net income of $106.3 million or 93 cents per share in the year-ago quarter.Revenues decreased to $1.69 billion from the year-ago figure of $1.73 billion. The top line slightly surpassed the Zacks Consensus Estimate of $1.68 billion.American Axle’s SG&A (Selling, General & Administrative) expenses were $97.1 million for fourth-quarter 2018 in comparison with $101 million in the prior-year quarter.Gross profit decreased to $225.3 million in fourth-quarter 2018 from $294.3 million in the year-ago quarter. Operating loss during the reported quarter was $394.3 million against operating income of $148.6 million in fourth-quarter 2017.2018 ResultsFor 2018, American Axle reported earnings of $3.28 per share, down from the 2017 figure of $3.75.Net sales in 2018 were $7.27 billion, up from $6.27 billion in 2017.American Axle & Manufacturing Holdings, Inc. Price, Consensus and EPS Surprise American Axle & Manufacturing Holdings, Inc. Price, Consensus and EPS Surprise | American Axle & Manufacturing Holdings, Inc. QuoteFinancial PositionAmerican Axle had cash and cash equivalents of $476.4 million as of Dec 31, 2018, up from $376.8 million as of Dec 31, 2017. Net long-term debt was $3.7 billion as of Dec 31, 2018, compared with $4 billion as of Dec 31, 2017.Cash flow from operations for the three months ending Dec 31, 2018, was $258.3 million in comparison with $226.3 million recorded in the prior-year period. For the three months ending, Dec 31, 2018, American Axle’s adjusted free cash inflow was $142.4 million compared with an inflow of $50.9 million for the three months ending, Dec 31, 2017.OutlookFor 2019, the company expects sales of $7.3-$7.4 billion.American Axle anticipates adjusted earnings before income taxes, depreciation and amortization (EBITDA) of $1.20-$1.25 billion. The company set adjusted free cash flow target of $350-$400 million for 2019. Zacks Rank & Other Key PicksAmerican Axle currently carries a Zacks Rank #1 (Strong Buy).A few other top-ranked stocks in the auto space are Oshkosh Corp. OSK, General Motors Company GM and AB Volvo VLVLY. While Oshkosh currently sports a Zacks Rank #1, General Motors and Volvo carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Oshkosh has an expected long-term growth rate of 11.3%. Over the past three months, shares of the company have surged 19.2%.General Motors has an expected long-term growth rate of 8.5%. Over the past three months, shares of the company have risen 9.6%.Volvo has an expected long-term growth rate of 5%. Over the past three months, shares of the company have risen 5.7%.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM): Free Stock Analysis Report Oshkosh Corporation (OSK): Free Stock Analysis Report American Axle & Manufacturing Holdings, Inc. (AXL): Free Stock Analysis Report AB Volvo (VLVLY): Free Stock Analysis Report To read this article on Zacks.com click here.