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Aptiv (APTV) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2024, Aptiv PLC (APTV - Free Report) reported revenue of $4.85 billion, down 5.1% over the same period last year. EPS came in at $1.83, compared to $1.30 in the year-ago quarter.

The reported revenue represents a surprise of -6.07% over the Zacks Consensus Estimate of $5.17 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +8.28%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Aptiv performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net sales- Eliminations and Other: -$16 million versus the five-analyst average estimate of -$11.55 million. The reported number represents a year-over-year change of +14.3%.
  • Net Sales- Signal and Power Solutions: $3.44 billion versus $3.67 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.6% change.
  • Net Sales- Advanced Safety and User Experience: $1.43 billion compared to the $1.49 billion average estimate based on four analysts. The reported number represents a change of -1% year over year.
  • Adjusted Operating Income- Advanced Safety and User Experience: $196 million versus $157.26 million estimated by four analysts on average.
  • Adjusted Operating Income- Signal and Power Solutions: $397 million versus $459.38 million estimated by four analysts on average.
View all Key Company Metrics for Aptiv here>>>

Shares of Aptiv have returned -1.4% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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