Aptiv PLC (APTV - Free Report) reported second-quarter 2020 (ended Jun 30, 2020) loss of $1.1 per share, lower than the Zacks Consensus Estimate of $1.43 per share. This compares with earnings of $1.33 per share in the year ago quarter.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Aptiv depicted an optimistc picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter 2020 earnings move down 2.1% over the last 30 days.
The company’s earnings history has not been impressive. It underperformed the Zacks Consensus Estimate in three of the last four quarters with an average negative beat of 5.4%.
Aptiv PLC Price
Revenues Lower Than Expected
Aptiv recorded total revenues of $1.96 billion which marginally missed the Zacks Consensus Estimate. Revenues compared unfavorably with the year-ago figure of $3.63 billion.
Key Stats to Note: Adjusted operating loss was $229 million in the quarter compared with adjusted operating income of $405 million in the year ago quarter.
Zacks Rank: Currently, Aptiv has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Aptiv earnings report later!
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Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Aptiv PLC (APTV - Free Report) reported second-quarter 2020 (ended Jun 30, 2020) loss of $1.1 per share, lower than the Zacks Consensus Estimate of $1.43 per share. This compares with earnings of $1.33 per share in the year ago quarter.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Aptiv depicted an optimistc picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter 2020 earnings move down 2.1% over the last 30 days.
The company’s earnings history has not been impressive. It underperformed the Zacks Consensus Estimate in three of the last four quarters with an average negative beat of 5.4%.
Aptiv PLC Price
Revenues Lower Than Expected
Aptiv recorded total revenues of $1.96 billion which marginally missed the Zacks Consensus Estimate. Revenues compared unfavorably with the year-ago figure of $3.63 billion.
Key Stats to Note: Adjusted operating loss was $229 million in the quarter compared with adjusted operating income of $405 million in the year ago quarter.
Zacks Rank: Currently, Aptiv has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Aptiv earnings report later!
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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