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Aptiv's (APTV) Beats on Q3 Earnings and Revenues
Aptiv PLC (APTV - Free Report) reported third-quarter 2020 (ended Sep 30, 2020) EPS of $1.13 per share, highr than the Zacks Consensus Estimate of 79 cents per share. This compares with earnings of $1.27 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 optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for third-quarter 2020 earnings move up 11.3% over the last 30 days.
The company’s earnings history has been impressive. It outperformed the Zacks Consensus Estimate in three of the last four quarters with an average positive beat of 37.1%.
Aptiv PLC Price
Aptiv PLC price | Aptiv PLC Quote
Revenues Higher Than Expected
Aptiv recorded total revenues of $3.7 billion which beat the Zacks Consensus Estimate of $3.3 billion. Revenues compared favorably with the year-ago figure of $3.6 billion.
Key Stats to Note: Aptiv exited the quarter with cash and cash equivalents balance of $2.1 billion compared with the prior quarter’s $1.9 million.
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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