Deutsche Bank took a bullish perspective on Aptiv ( NYSE: APTV ) ahead of its Q4 earnings release on February 2.
“We believe 4Q operational environment has played out largely as expected, and we expect the company to deliver in-line earnings for the quarter, enabling it to hit the high-end of its guidance for the year,” equity analyst Emmanuel Rosner told clients. “Looking beyond the quarter, we expect that APTV may outline some conservative targets for 2023, in-line or below street estimates, but based on our conversations with investors, we believe this is well understood and not as impactful as originally thought.”
He added that management will have the opportunity to provide details on its EV efforts, which are projected to be positive for margins, both on earnings and an upcoming Capital Markets Day. The inclusion of Wind River and Intercable acquisitions could “add noticeable upside in 2023” as well, in Rosner’s view.
Dig into earnings estimates for the company for February .
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Aptiv added to ‘Catalyst Call Buy’ at Deutsche Bank ahead of earnings