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.
Estimate Trend & Surprise History
Investors should note that the first-quarter Zacks Consensus Estimate for Delphi Automotive increased 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 four quarters with an average beat of around 6.02%. 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 17% year over year to $1.59 per share in the first quarter of 2017, and surpassed the Zacks Consensus Estimate of $1.46.
Revenues
Delphi Automotive reported revenues of $4.29 billion, up 5.9% year over year. Revenues surpassed the Zacks Consensus Estimate of $4.13 billion. The year-over-year increase was due to volume growth in all regions.
Key Stats/Developments to Note
In first-quarter 2017, Delphi Automotive repurchased 2.56 million shares for approximately $193 million. Following this, the company had almost $1.18 billion available for repurchases under its current share buyback program.
For 2017, Delphi Automotive reiterated 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 #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Delphi Automotive’ shares remained inactive in the pre-trading session.
Check back later for our full write up on Delphi Automotive’ earnings report!
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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.
Estimate Trend & Surprise History
Investors should note that the first-quarter Zacks Consensus Estimate for Delphi Automotive increased 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 four quarters with an average beat of around 6.02%. 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 17% year over year to $1.59 per share in the first quarter of 2017, and surpassed the Zacks Consensus Estimate of $1.46.
Revenues
Delphi Automotive reported revenues of $4.29 billion, up 5.9% year over year. Revenues surpassed the Zacks Consensus Estimate of $4.13 billion. The year-over-year increase was due to volume growth in all regions.
Key Stats/Developments to Note
In first-quarter 2017, Delphi Automotive repurchased 2.56 million shares for approximately $193 million. Following this, the company had almost $1.18 billion available for repurchases under its current share buyback program.
For 2017, Delphi Automotive reiterated 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 #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Delphi Automotive’ shares remained inactive in the pre-trading session.
Check back later for our full write up on Delphi Automotive’ earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think. See This Ticker Free >>
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 >>