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Delphi Automotive (DLPH) Top Q3 Earnings, Revenue Estimates

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Delphi Automotive PLC is a leading global manufacturer of vehicle components and a supplier of technology for automotive and commercial vehicles. The company’s innovative products and technologies have helped it secure all 25 leading global automobile manufacturers as customers. Moreover, it regularly undertakes acquisitions and alliances to enhance its technological capability, increase its operating scale, augment its client base and expand geographically.

Surprise History

Investors should note that the third-quarter earnings estimate for Delphi Automotive has been rising over the last 30 days.

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 8.14%. 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 PLC Price and EPS Surprise

Earnings

Delphi Automotive’s adjusted earnings were $1.66 per share in the third quarter of 2017, thus beating the Zacks Consensus Estimate of $1.56.

Revenues

Delphi Automotive reported revenues of $4.33 billion, up 6% year over year. Revenues surpassed the Zacks Consensus Estimate of $4.09 billion.

Key Stats/Developments to Note

In the third-quarter of 2017, Delphi Automotive repurchased 1.02 million shares for approximately $95 million. Following this, the company had approximately $989 million available for future repurchases under its current share buyback program.

For 2017, Delphi Automotive increased its revenue expectation to $17.35-$17.45 billion, against the previous expectation of $16.85-$17.05 billion. Adjusted earnings per share are expected in the range of $6.7 - $6.8, against the previous guidance of $6.55 - $6.75.

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.

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

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