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Delphi Automotive's (DLPH) Q2 Earnings Beat Estimates

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Delphi Automotive PLC (DLPH - Free Report) 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.

Surprise History

The company has delivered a flurry of positive earnings surprises. It has beaten the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of around 7.87%. 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:


Delphi Automotive’s adjusted earnings were $1.71 per share in the second quarter of 2017, and surpassed the Zacks Consensus Estimate of $1.65.

Delphi Automotive PLC Price and EPS Surprise


Delphi Automotive reported revenues of $4.32 billion, up 2.66% year over year. Revenues surpassed the Zacks Consensus Estimate of $4.2 billion.

Key Stats/Developments to Note

In second-quarter of 2017, Delphi Automotive repurchased 1.09 million shares for approximately $95 million. Following this, the company had approximately $1.1 billion available for future repurchases under its current share buyback program.

For third-quarter 2017, Delphi Automotive decreased its revenue guidance to $4-$4.1 billion, against the previous expectation of $4.15–$4.25 billion. Adjusted earnings per share are expected to be in the range of $1.52 - $1.58, as against the previous guidance of $1.62–$1.68.

Adjusted operating income is anticipated in the range of $520 - $540 million (13.1% of sales), as against the previous guidance of $560–$580 million (13.5–13.7% of sales) in third-quarter 2017.

For 2017, Delphi Automotive increased its revenue expectation to $16.85-$17.05 billion, against the previous expectation of $16.5–$16.9 billion. Adjusted earnings per share are expected in the range of $6.55 - $6.75, against the previous guidance of $6.40–$6.70.

Zacks Rank

Currently, Delphi Automotive has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Market Reaction

Delphi Automotive’ shares remained inactive in the pre-trading session.

Check back later for our full write up on Delphi Automotive’ earnings report!

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