We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Adjusted earnings (excluding 3 cents from non-recurring items) of $1.06 per share beat the Zacks Consensus Estimate by 37.7% and increased 55.8% year over year. Revenues of $4.02 billion surpassed the consensus mark by 8.9% and increased 24.7% year over year.
Notably, Aptiv’s shares have surged 119.1% in the past year compared with 23.3% rally of the industry it belongs to.
Other Quarterly Numbers
Signal and Power Solutions revenues of $3.02 billion were up 30% year over year. Advanced Safety and User Experience revenues increased 12% year over year to $1.01 billion.
Adjusted operating income came in at $437 million, up from $231 million in the year-ago quarter. Adjusted operating income margin was 10.9%, up from 7.2% in the year-ago quarter.
Aptiv exited the quarter with cash and cash equivalents balance of $2.83 billion compared with the prior quarter’s level of $2.82 million. Long-term debt was $3.95 billion compared with $4 billion in the previous quarter.
Total available liquidity at the end of the quarter was $5.4 billion compared with the $5.2 billion recorded at the end of the prior quarter. Net cash generated from operating activities was $252 million.
The company still expects revenues in the range of $15.125-$15.725 billion. The midpoint of the guided range ($15.425 million) is below the current Zacks Consensus Estimate of $15.55 billion.
Adjusted EPS is still expected between $3.35 and $3.85. The midpoint of the guided range is same as the current Zacks Consensus Estimate of $3.6.
Adjusted operating income is still anticipated to be between $1.54 billion and $1.69 billion.
Adjusted effective tax rate is expected to be 12%.
Equifax’s (EFX - Free Report) first-quarter 2021 adjusted earnings of $1.97 per share beat the Zacks Consensus Estimate by 29.6% and increased on a year-over-year basis. Revenues of $1.21 billion outpaced the consensus mark by 7.9% and rose 26.6% year over year on a reported basis as well as on a local-currency basis.
Robert Half’s (RHI - Free Report) first-quarter 2021 earnings of 98 cents per share beat the consensus mark by 22.5% and were up 24.1% year over year. Revenues of $1.4 billion surpassed the consensus mark by 3.3% but declined 7.2% year over year on a reported basis and 7.6% on an adjusted basis.
Omnicom’s (OMC - Free Report) first-quarter 2021 adjusted earnings of $1.33 per share beat the consensus mark by 16.7% and increased 11.8% year over year. Total revenues of $3.4 billion surpassed the consensus estimate by 3.6% and increased marginally year over year.
"Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Shutterstock
Aptiv's (APTV) Q1 Earnings Beat Estimates, Increase Y/Y
Aptiv PLC (APTV - Free Report) reported better-than-expected first-quarter 2021 results.
Adjusted earnings (excluding 3 cents from non-recurring items) of $1.06 per share beat the Zacks Consensus Estimate by 37.7% and increased 55.8% year over year. Revenues of $4.02 billion surpassed the consensus mark by 8.9% and increased 24.7% year over year.
Notably, Aptiv’s shares have surged 119.1% in the past year compared with 23.3% rally of the industry it belongs to.
Other Quarterly Numbers
Signal and Power Solutions revenues of $3.02 billion were up 30% year over year. Advanced Safety and User Experience revenues increased 12% year over year to $1.01 billion.
Adjusted operating income came in at $437 million, up from $231 million in the year-ago quarter. Adjusted operating income margin was 10.9%, up from 7.2% in the year-ago quarter.
Aptiv exited the quarter with cash and cash equivalents balance of $2.83 billion compared with the prior quarter’s level of $2.82 million. Long-term debt was $3.95 billion compared with $4 billion in the previous quarter.
Total available liquidity at the end of the quarter was $5.4 billion compared with the $5.2 billion recorded at the end of the prior quarter. Net cash generated from operating activities was $252 million.
Aptiv PLC Price, Consensus and EPS Surprise
Aptiv PLC price-consensus-eps-surprise-chart | Aptiv PLC Quote
2021 Outlook
Aptiv reiterates full-year 2021 outlook.
The company still expects revenues in the range of $15.125-$15.725 billion. The midpoint of the guided range ($15.425 million) is below the current Zacks Consensus Estimate of $15.55 billion.
Adjusted EPS is still expected between $3.35 and $3.85. The midpoint of the guided range is same as the current Zacks Consensus Estimate of $3.6.
Adjusted operating income is still anticipated to be between $1.54 billion and $1.69 billion.
Adjusted effective tax rate is expected to be 12%.
Currently, Aptiv carries a Zacks Rank 3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Business Services Companies
Equifax’s (EFX - Free Report) first-quarter 2021 adjusted earnings of $1.97 per share beat the Zacks Consensus Estimate by 29.6% and increased on a year-over-year basis. Revenues of $1.21 billion outpaced the consensus mark by 7.9% and rose 26.6% year over year on a reported basis as well as on a local-currency basis.
Robert Half’s (RHI - Free Report) first-quarter 2021 earnings of 98 cents per share beat the consensus mark by 22.5% and were up 24.1% year over year. Revenues of $1.4 billion surpassed the consensus mark by 3.3% but declined 7.2% year over year on a reported basis and 7.6% on an adjusted basis.
Omnicom’s (OMC - Free Report) first-quarter 2021 adjusted earnings of $1.33 per share beat the consensus mark by 16.7% and increased 11.8% year over year. Total revenues of $3.4 billion surpassed the consensus estimate by 3.6% and increased marginally year over year.
"Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2021 today >>
"