Delphi Automotive Earnings: Here’s Why Shares are Down Now
Delphi Automotive PLC (NYSE:DLPH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.02%.
Delphi Automotive PLC Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 2.88% to $1.07 in the quarter versus EPS of $1.04 in the year-earlier quarter.
Revenue: Decreased 1.66% to $4.02 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Delphi Automotive PLC reported adjusted EPS income of $1.07 per share. By that measure, the company beat the mean analyst estimate of $0.96. It beat the average revenue estimate of $4 billion.
Quoting Management: “Despite continued weakness in Europe, our industry-leading cost structure as well as our diverse mix of regional and customer revenues allowed us to deliver solid first quarter financial results, grow earnings per share, and increase shareholder value,” said Rodney O’Neal, chief executive officer and president.
Key Stats (on next page)…
Revenue increased 6.82% from $3.77 billion in the previous quarter. EPS increased 18.89% from $0.90 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.15 to a profit $1.11. For the current year, the average estimate has moved down from a profit of $4.25 to a profit of $4.23 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)