Analysts expect higher profit for Delphi Automotive when the company reports its second quarter results on Thursday, July 31, 2014. The consensus estimate is calling for profit of $1.32 a share, reflecting a rise from $1.24 per share a year ago.
Over the past three months, the consensus estimate has risen from $1.31. Analysts are expecting earnings of $5.01 per share for the fiscal year. Revenue is expected to be $4.47 billion for the quarter, 5% higher than the year-earlier total of $4.24 billion. For the year, revenue is projected to roll in at $17.50 billion.
The profit dip in the first quarter came after three consecutive quarters of rising profit. Net income fell 13% in the first quarter from the year earlier, while the figure rose more than twofold in the fourth quarter, 1% in the third quarter and 11% in the second quarter.
The majority of analysts (77%) rate Delphi Automotive as a buy. This compares favorably to the analyst ratings of seven similar companies, which average 47% buys.
Earnings estimates provided by Zacks.
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