Aptiv Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Aptiv (NYSE:APTV) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.85b (down 5.1% from 3Q 2023).
• Net income: US$363.0m (down 78% from 3Q 2023).
• Profit margin: 7.5% (down from 32% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: US$1.48 (down from US$5.76 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aptiv EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are down 18% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Aptiv (1 shouldn't be ignored!) that you should be aware of.

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