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 of 22 cents per share missed the Zacks Consensus Estimate by 64.5% and declined 63.3% on a year-over-year basis. The bottom line was hurt by the adverse impacts of pandemic lockdowns in China, continued global inflationary pressures and the worldwide semiconductor shortage.
Revenues of $4.1 billion lagged the consensus mark by 1% but increased 7% year over year. The top line registered 21% growth in North America, 4% in Europe and 2% in Asia. Revenues declined 2% in China and 30% in South America.
Aptiv’s shares have surged 69.9% in the past year against a 14% loss in the industry it belongs to.
Other Quarterly Numbers
Signal and Power Solutions’ revenues of $3 billion were up 7% year over year. Advanced Safety and User Experience revenues increased 6% year over year to $1 billion.
Adjusted operating income came in at $213 million, down 37% from the figure reported in the year-ago quarter. Adjusted operating income margin came in at 5.3%, down 360 basis points year over year.
Aptiv exited the quarter with cash and cash equivalents balance of $4.7 billion compared with the prior quarter’s $4.9 billion. Long-term debt was $6.4 billion compared with $6.5 billion at the end of the previous quarter.
Total available liquidity at the end of the quarter was $7.1 billion compared with $7.4 billion recorded at the end of the prior quarter. During the quarter, net cash generated from operating activities was $95 million.
2022 Outlook
The company expects revenues in the range of $17-$17.3 billion, below the current Zacks Consensus Estimate of $17.76 billion.
Adjusted EPS is expected between $3.05 and $3.55, below the current Zacks Consensus Estimate of $3.97.
Adjusted operating income margin is anticipated to be between 9% and 9.7%. Capital expenditures are expected to be at $800 million.
Adjusted EBITDA margin is expected to be between 12.7% and 13.4%. Adjusted effective tax rate is expected to be 13%.
Performance of Some Other Business Services Companies
Equifax (EFX - Free Report) reported mixed second-quarter 2022 results, wherein earnings beat estimates but revenues missed the same.
EFX’s adjusted earnings of $2.09 per share beat the Zacks Consensus Estimate by 3% and improved 5.6% on a year-over-year basis. Revenues of $1.32 billion missed the consensus estimate marginally but improved 6.6% year over year.
IQVIA Holdings (IQV - Free Report) reported solid second-quarter 2022 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.
IQV’s adjusted earnings per share of $2.44 beat the consensus mark by 2.1% and improved 15% on a year-over-year basis. Total revenues of $3.54 billion outpaced the consensus estimate by 1.2% and increased 3% year over year.
Omnicom Group (OMC - Free Report) reported impressive second-quarter 2022 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
OMC’s earnings of $1.68 per share beat the consensus mark by 7.7% and increased 15.1% year over year, driven by a strong margin performance. Total revenues of $3.6 billion surpassed the consensus estimate by 4.4% but declined slightly year over year.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Aptiv's (APTV) Q2 Earnings Miss Estimates, Decline Y/Y
Aptiv PLC (APTV - Free Report) reported lower-than-expected second-quarter 2022 results.
Adjusted earnings of 22 cents per share missed the Zacks Consensus Estimate by 64.5% and declined 63.3% on a year-over-year basis. The bottom line was hurt by the adverse impacts of pandemic lockdowns in China, continued global inflationary pressures and the worldwide semiconductor shortage.
Revenues of $4.1 billion lagged the consensus mark by 1% but increased 7% year over year. The top line registered 21% growth in North America, 4% in Europe and 2% in Asia. Revenues declined 2% in China and 30% in South America.
Aptiv’s shares have surged 69.9% in the past year against a 14% loss in the industry it belongs to.
Other Quarterly Numbers
Signal and Power Solutions’ revenues of $3 billion were up 7% year over year. Advanced Safety and User Experience revenues increased 6% year over year to $1 billion.
Adjusted operating income came in at $213 million, down 37% from the figure reported in the year-ago quarter. Adjusted operating income margin came in at 5.3%, down 360 basis points year over year.
Aptiv exited the quarter with cash and cash equivalents balance of $4.7 billion compared with the prior quarter’s $4.9 billion. Long-term debt was $6.4 billion compared with $6.5 billion at the end of the previous quarter.
Total available liquidity at the end of the quarter was $7.1 billion compared with $7.4 billion recorded at the end of the prior quarter. During the quarter, net cash generated from operating activities was $95 million.
2022 Outlook
The company expects revenues in the range of $17-$17.3 billion, below the current Zacks Consensus Estimate of $17.76 billion.
Adjusted EPS is expected between $3.05 and $3.55, below the current Zacks Consensus Estimate of $3.97.
Adjusted operating income margin is anticipated to be between 9% and 9.7%. Capital expenditures are expected to be at $800 million.
Adjusted EBITDA margin is expected to be between 12.7% and 13.4%. Adjusted effective tax rate is expected to be 13%.
Currently, Aptiv carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Aptiv PLC Price, Consensus and EPS Surprise
Aptiv PLC price-consensus-eps-surprise-chart | Aptiv PLC Quote
Performance of Some Other Business Services Companies
Equifax (EFX - Free Report) reported mixed second-quarter 2022 results, wherein earnings beat estimates but revenues missed the same.
EFX’s adjusted earnings of $2.09 per share beat the Zacks Consensus Estimate by 3% and improved 5.6% on a year-over-year basis. Revenues of $1.32 billion missed the consensus estimate marginally but improved 6.6% year over year.
IQVIA Holdings (IQV - Free Report) reported solid second-quarter 2022 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.
IQV’s adjusted earnings per share of $2.44 beat the consensus mark by 2.1% and improved 15% on a year-over-year basis. Total revenues of $3.54 billion outpaced the consensus estimate by 1.2% and increased 3% year over year.
Omnicom Group (OMC - Free Report) reported impressive second-quarter 2022 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
OMC’s earnings of $1.68 per share beat the consensus mark by 7.7% and increased 15.1% year over year, driven by a strong margin performance. Total revenues of $3.6 billion surpassed the consensus estimate by 4.4% but declined slightly year over year.