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.
However, loss of revenues from the divestment of Thermal Systems business had been negatively impacting Delphi Automotive’s top line in the recent past. Moreover, the company’s sales are dependent on vehicle production and sales volumes of automakers.
Estimate Trend & Surprise History
Investors should note that the third-quarter Zacks Consensus Estimate for Delphi Automotive remained unchanged over the past month.
The company has delivered a flurry of positive earnings surprises. It has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of around 1.38%. 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 $1.50 per share in the third quarter of 2016, beating the Zacks Consensus Estimate of $1.42.
Revenues
Delphi Automotive reported revenues of $4.1 billion, up 13% year over year. Revenues surpassed the Zacks Consensus Estimate of $3.97 billion. The year-over-year increase was due to the acquisition of HellermannTyton and volume growth in North America, Europe and Asia Pacific.
Key Stats/Developments to Note
In first nine months of 2016, Delphi Automotive repurchased 7.98 million shares for approximately $535 million. Following this, the company had $1.47 billion available for repurchases under its current share buyback program.
For 2016, Delphi Automotive increased its revenue guidance to $16.4–$16.5 billion from the prior range of $16.25–$16.45 billion. Adjusted earnings per share are expected in the range of $6.00–$6.10, compared to the prior range of $5.95–$6.05.
Zacks Rank
Currently, Delphi Automotive has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Delphi Automotive’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Delphi Automotive’ earnings report!
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Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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Delphi Automotive (DLPH) Beats Q3 Earnings, Guides Up
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.
However, loss of revenues from the divestment of Thermal Systems business had been negatively impacting Delphi Automotive’s top line in the recent past. Moreover, the company’s sales are dependent on vehicle production and sales volumes of automakers.
Estimate Trend & Surprise History
Investors should note that the third-quarter Zacks Consensus Estimate for Delphi Automotive remained unchanged over the past month.
The company has delivered a flurry of positive earnings surprises. It has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of around 1.38%. Thus, investors have been eagerly awaiting Delphi Automotive’ latest earnings report.
DELPHI AUTO PLC Price and EPS Surprise
DELPHI AUTO PLC Price and EPS Surprise | DELPHI AUTO PLC Quote
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 $1.50 per share in the third quarter of 2016, beating the Zacks Consensus Estimate of $1.42.
Revenues
Delphi Automotive reported revenues of $4.1 billion, up 13% year over year. Revenues surpassed the Zacks Consensus Estimate of $3.97 billion. The year-over-year increase was due to the acquisition of HellermannTyton and volume growth in North America, Europe and Asia Pacific.
Key Stats/Developments to Note
In first nine months of 2016, Delphi Automotive repurchased 7.98 million shares for approximately $535 million. Following this, the company had $1.47 billion available for repurchases under its current share buyback program.
For 2016, Delphi Automotive increased its revenue guidance to $16.4–$16.5 billion from the prior range of $16.25–$16.45 billion. Adjusted earnings per share are expected in the range of $6.00–$6.10, compared to the prior range of $5.95–$6.05.
Zacks Rank
Currently, Delphi Automotive has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Delphi Automotive’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Delphi Automotive’ earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>