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Adjusted earnings of $1.13 per share beat the Zacks Consensus Estimate by 15.3% but declined 1.7% year over year. Revenues of $4.21 billion surpassed the consensus estimate by 10.4% and increased 17% year over year.
Notably, Aptiv’s shares have gained a massive 56.1% over the past year, significantly outperforming the 19.5% rally of the industry it belongs to.
Other Quarterly Numbers
Signal and Power Solutions revenues of $3.1 billion were up 21% year over year. Advanced Safety and User Experience revenues increased 8% year over year to $1.1 billion.
Adjusted operating income came in at $476 million, up from $388 million in the year-ago quarter. Adjusted operating income margin was 11.3%, up from 10.8% in the year-ago quarter.
Aptiv exited the quarter with cash and cash equivalents balance of $2.8 billion compared with the prior quarter’s $2.1 million. Long-term debt was $4 billion, compared with $3.9 billion in the previous quarter.
Total available liquidity at the end of the quarter was $5.2 billion compared with the $4.5 billion recorded at the end of the prior quarter. Net cash generated from operating activities was $799 million.
2021 Outlook
Aptiv expects revenues in the range of $15.125 billion to $15.725 billion. The current Zacks Consensus Estimate is pegged at $15.43 billion. Adjusted EPS is expected between $3.35 and $3.85, lower than the Zacks Consensus Estimate of $4.08.
Adjusted operating income is anticipated between $1.54 billion and $1.69 billion. Effective tax rate is expected to be 12%.
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and improved 6% year-over-year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Esimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and improved 0.7% year over year.
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Aptiv (APTV) Surpasses Q4 Earnings and Revenue Estimates
Aptiv PLC (APTV - Free Report) reported better-than-expected fourth-quarter 2020 results.
Adjusted earnings of $1.13 per share beat the Zacks Consensus Estimate by 15.3% but declined 1.7% year over year. Revenues of $4.21 billion surpassed the consensus estimate by 10.4% and increased 17% year over year.
Notably, Aptiv’s shares have gained a massive 56.1% over the past year, significantly outperforming the 19.5% rally of the industry it belongs to.
Other Quarterly Numbers
Signal and Power Solutions revenues of $3.1 billion were up 21% year over year. Advanced Safety and User Experience revenues increased 8% year over year to $1.1 billion.
Adjusted operating income came in at $476 million, up from $388 million in the year-ago quarter. Adjusted operating income margin was 11.3%, up from 10.8% in the year-ago quarter.
Aptiv exited the quarter with cash and cash equivalents balance of $2.8 billion compared with the prior quarter’s $2.1 million. Long-term debt was $4 billion, compared with $3.9 billion in the previous quarter.
Total available liquidity at the end of the quarter was $5.2 billion compared with the $4.5 billion recorded at the end of the prior quarter. Net cash generated from operating activities was $799 million.
2021 Outlook
Aptiv expects revenues in the range of $15.125 billion to $15.725 billion. The current Zacks Consensus Estimate is pegged at $15.43 billion. Adjusted EPS is expected between $3.35 and $3.85, lower than the Zacks Consensus Estimate of $4.08.
Adjusted operating income is anticipated between $1.54 billion and $1.69 billion. Effective tax rate is expected to be 12%.
Currently, Aptiv carries a Zacks Rank 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Business Services Companies
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and improved 6% year-over-year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Esimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and improved 0.7% year over year.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>