U.S. markets open in 6 hours 34 minutes
  • S&P Futures

    4,539.25
    +30.75 (+0.68%)
     
  • Dow Futures

    34,250.00
    +248.00 (+0.73%)
     
  • Nasdaq Futures

    15,954.00
    +84.25 (+0.53%)
     
  • Russell 2000 Futures

    2,168.00
    +21.70 (+1.01%)
     
  • Crude Oil

    66.67
    +1.10 (+1.68%)
     
  • Gold

    1,775.90
    -8.40 (-0.47%)
     
  • Silver

    22.35
    +0.02 (+0.07%)
     
  • EUR/USD

    1.1316
    -0.0006 (-0.06%)
     
  • 10-Yr Bond

    1.4340
    0.0000 (0.00%)
     
  • Vix

    31.12
    +3.93 (+14.45%)
     
  • GBP/USD

    1.3281
    +0.0004 (+0.03%)
     
  • USD/JPY

    113.3100
    +0.5300 (+0.47%)
     
  • BTC-USD

    56,807.77
    -289.45 (-0.51%)
     
  • CMC Crypto 200

    1,444.83
    -24.25 (-1.65%)
     
  • FTSE 100

    7,168.68
    +109.23 (+1.55%)
     
  • Nikkei 225

    27,753.37
    -182.25 (-0.65%)
     

Aptiv's (APTV) Q2 Earnings Miss Estimates, Revenues Beat

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Aptiv PLC APTV reported mixed second-quarter 2021 results with earnings missing the Zacks Consensus Estimate but revenues beating the same.

Adjusted earnings of 60 cents per share missed the Zacks Consensus Estimate by 10.5% but increased from a loss of $1.1 per share in the year-ago quarter. Revenues of $3.8 billion surpassed the consensus mark by 6.6% and increased 94.2% year over year.

Aptiv’s shares have surged 97.6% in the past year against 27% growth of the industry it belongs to.

Other Quarterly Numbers

Signal and Power Solutions revenues of $2.8 billion were up 98% year over year. Advanced Safety and User Experience revenues increased 83% year over year to $970 million.

Adjusted operating income came in at $301 million, up from adjusted operating loss of $229 million in the year-ago quarter. Adjusted operating income margin came in at 7.9%.

Aptiv exited the quarter with cash and cash equivalents balance of $2.9 billion compared with the prior quarter’s level of $2.8 billion. Long-term debt was $4 billion, flat with the prior-quarter figure.

Total available liquidity at the end of the quarter was $5.5 billion compared with $5.2 billion recorded at the end of the prior quarter. Net cash generated from operating activities was $297 million.

Aptiv PLC Price, Consensus and EPS Surprise

Aptiv PLC Price, Consensus and EPS Surprise
Aptiv PLC Price, Consensus and EPS Surprise

Aptiv PLC price-consensus-eps-surprise-chart | Aptiv PLC Quote

2021 Outlook

The company expects revenues in the range of $16.115-$16.415 billion, higher than the current Zacks Consensus Estimate of $15.61 billion.

Adjusted EPS is expected between $3.63 and $3.87, the midpoint ($3.75) of which is above the current Zacks Consensus Estimate of $3.72.

Adjusted operating income is still anticipated to be between $1.59 billion and $1.67 billion.

Adjusted effective tax rate is expected to be 12%.

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

Performance of Some Other Business Services Companies

Equifax EFX reported better-than-expected second-quarter 2021 results. Adjusted earnings of $1.98 per share beat the Zacks Consensus Estimate by 15.8% and improved 23.8% on a year-over-year basis. Revenues of $1.23 billion outpaced the consensus estimate by 6.4% and improved 25.6% year over year.

IHS Markit’s INFO second-quarter fiscal 2021 adjusted earnings per share of 81 cents beat the consensus mark by 1.3% and increased 17.4% on a year-over-year basis. Total revenues came in at $1.2 billion, surpassing the consensus mark by 3.8% and increasing 15% from the year-ago quarter.

Omnicom OMC reported second-quarter 2021 adjusted earnings of $1.46 per share that beat the consensus mark by 9.8% and increased 58.7% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 6.7% and increased 27.5% year over year.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Omnicom Group Inc. (OMC) : Free Stock Analysis Report

Equifax, Inc. (EFX) : Free Stock Analysis Report

IHS Markit Ltd. (INFO) : Free Stock Analysis Report

Aptiv PLC (APTV) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research