Delphi Automotive PLC is one of the leading global manufacturers of vehicle components and a supplier of technology for automotive and commercial vehicles. The company regularly undertakes acquisitions and alliances to enhance its technological capability, increase its operating scale, augment its client base and expand geographically. In addition, Delphi Automotive follows an active capital deployment strategy to boost shareholder value.
However, loss of revenues from divestments and sale of interest in joint ventures have been negatively impacting Delphi Automotive’s top line in the recent past. Moreover, the company’s sales are dependent on vehicle production and sales volumes of automakers.
Estimate Trend & Surprise History
Investors should note that the fourth-quarter Zacks Consensus Estimate for Delphi Automotive remained unchanged over the past month.
The company has delivered a flurry of positive earnings surprises. It has beaten the Zacks Consensus Estimate in each of the trailing 4 quarters with an average beat of around 2.79%. Thus, investors have been eagerly awaiting Delphi Automotive’ latest earnings report.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Delphi Automotive’s adjusted earnings increased 32% year over year to $1.83 per share in the fourth quarter of 2016, beating the Zacks Consensus Estimate of $1.60.
Revenues
Delphi Automotive reported revenues of $4.3 billion, up 11% year over year. Revenues surpassed the Zacks Consensus Estimate of $4.15 billion. The year-over-year increase was due to the acquisition of HellermannTyton and volume growth in North America, Europe and Asia Pacific.
Key Stats/Developments to Note
In 2016, Delphi Automotive repurchased 9.48 million shares for approximately $635 million. Following this, the company had $1.37 billion available for repurchases under its current share buyback program.
For 2017, Delphi Automotive revealed its revenue guidance of $16.5–$16.9 billion. Adjusted earnings per share are expected in the range of $6.40–$6.70.
Zacks Rank
Currently, Delphi Automotive has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Delphi Automotive’ shares have gained 4.1% in pre-market trading so far following the release. Clearly, the initial reaction to the results is positive
Check back later for our full write up on Delphi Automotive’ earnings report!
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.Click here for Zacks' private trades >>
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Delphi Automotive (DLPH) Beats Q4 Earnings, Shares Up
Delphi Automotive PLC is one of the leading global manufacturers of vehicle components and a supplier of technology for automotive and commercial vehicles. The company regularly undertakes acquisitions and alliances to enhance its technological capability, increase its operating scale, augment its client base and expand geographically. In addition, Delphi Automotive follows an active capital deployment strategy to boost shareholder value.
However, loss of revenues from divestments and sale of interest in joint ventures have been negatively impacting Delphi Automotive’s top line in the recent past. Moreover, the company’s sales are dependent on vehicle production and sales volumes of automakers.
Estimate Trend & Surprise History
Investors should note that the fourth-quarter Zacks Consensus Estimate for Delphi Automotive remained unchanged over the past month.
The company has delivered a flurry of positive earnings surprises. It has beaten the Zacks Consensus Estimate in each of the trailing 4 quarters with an average beat of around 2.79%. Thus, investors have been eagerly awaiting Delphi Automotive’ latest earnings report.
Delphi Automotive PLC Price and EPS Surprise
Delphi Automotive PLC Price and EPS Surprise | Delphi Automotive PLC Quote
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings
Delphi Automotive’s adjusted earnings increased 32% year over year to $1.83 per share in the fourth quarter of 2016, beating the Zacks Consensus Estimate of $1.60.
Revenues
Delphi Automotive reported revenues of $4.3 billion, up 11% year over year. Revenues surpassed the Zacks Consensus Estimate of $4.15 billion. The year-over-year increase was due to the acquisition of HellermannTyton and volume growth in North America, Europe and Asia Pacific.
Key Stats/Developments to Note
In 2016, Delphi Automotive repurchased 9.48 million shares for approximately $635 million. Following this, the company had $1.37 billion available for repurchases under its current share buyback program.
For 2017, Delphi Automotive revealed its revenue guidance of $16.5–$16.9 billion. Adjusted earnings per share are expected in the range of $6.40–$6.70.
Zacks Rank
Currently, Delphi Automotive has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Delphi Automotive’ shares have gained 4.1% in pre-market trading so far following the release. Clearly, the initial reaction to the results is positive
Check back later for our full write up on Delphi Automotive’ earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.Click here for Zacks' private trades >>