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Aptiv (APTV) Earnings and Revenues Surpass Estimates in Q1
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Aptiv PLC (APTV - Free Report) reported first-quarter 2019 earnings per share of $1.05 (on an adjusted basis), beating the Zacks Consensus Estimate of $1.00. Earnings however decreased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Aptiv depicted a pessimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter 2019 earnings move down by a penny over the last 30 days.
However, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in each of the last four quarters with an average beat of 5.9%.
Revenues Higher Than Expected
Aptiv recorded revenues of $3,575 million which outperformed the Zacks Consensus Estimate of $3,462 million. However, revenues compared unfavorably with the year-ago figure of $3,630 million.
Key Stats to Note: For the full year, Aptiv lowered its guidance for adjusted EPS, net sales and adjusted EBITDA. The company now expects adjusted earnings in the range of $4.90-$5.10 per share compared with the prior guided range of $5.25-$5.45 per share. Net sales are now anticipated between $14.4 billion and $14.8 billion compared with the prior range of $14.6-$15.0 billion.Adjusted operating income is now expected in the range of $1.63-$1.71 billion compared with the previously guided range of $1.72-$1.80 billion.
Check back later for our full write up on this Aptiv earnings report later!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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Aptiv (APTV) Earnings and Revenues Surpass Estimates in Q1
Aptiv PLC (APTV - Free Report) reported first-quarter 2019 earnings per share of $1.05 (on an adjusted basis), beating the Zacks Consensus Estimate of $1.00. Earnings however decreased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Aptiv depicted a pessimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter 2019 earnings move down by a penny over the last 30 days.
However, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in each of the last four quarters with an average beat of 5.9%.
Revenues Higher Than Expected
Aptiv recorded revenues of $3,575 million which outperformed the Zacks Consensus Estimate of $3,462 million. However, revenues compared unfavorably with the year-ago figure of $3,630 million.
Key Stats to Note: For the full year, Aptiv lowered its guidance for adjusted EPS, net sales and adjusted EBITDA. The company now expects adjusted earnings in the range of $4.90-$5.10 per share compared with the prior guided range of $5.25-$5.45 per share. Net sales are now anticipated between $14.4 billion and $14.8 billion compared with the prior range of $14.6-$15.0 billion.Adjusted operating income is now expected in the range of $1.63-$1.71 billion compared with the previously guided range of $1.72-$1.80 billion.
Zacks Rank: Currently, Aptiv has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Aptiv PLC Price and EPS Surprise
Aptiv PLC Price and EPS Surprise | Aptiv PLC Quote
Check back later for our full write up on this Aptiv earnings report later!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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