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Delphi Automotive's (DLPH) Q1 Earnings Beat Estimates

Delphi Automotive PLC DLPH 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.

However, loss of revenues from the divestment of Thermal Systems business is negatively impacting Delphi Automotive’s top line. Moreover, the company’s sales are dependent on vehicle production and sales volumes of automakers.

Estimate Trend & Surprise History

Investors should note that the first-quarter Zacks Consensus Estimate for Delphi Automotive remained unchanged over the past month.

The company has delivered a flurry of positive earnings surprises. It has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of around 0.97%. 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 earnings increased 12.4% year over year to $1.36 per share in the first quarter of 2016, beating the Zacks Consensus Estimate of $1.34.


Delphi Automotive reported revenues of $4.05 billion, up 7% year over year. Revenues missed the Zacks Consensus Estimate of $4.08 billion. The year-over-year increase was due to volume growth in North America, Europe and Asia Pacific.

Key Stats/Developments to Note

In first quarter of 2016, Delphi Automotive repurchased 5.60 million shares for approximately $370 million. Following this, the company had $137 million available for repurchases under its current share buyback program.

For 2016, Delphi Automotive expects revenues to be in the range of $16.6 billion to $17 billion. Adjusted earnings per share are expected in the range of $5.80 to $6.10.

Zacks Rank

Currently, Delphi Automotive has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.

Market Reaction

Delphi Automotive’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

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

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