In the latest trading session, Aptiv PLC (APTV) closed at $86.22, marking a +1.77% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.59%. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq increased by 0.44%.
The company's shares have seen an increase of 5.5% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 12.44% and outstripping the S&P 500's gain of 2.72%.
Investors will be eagerly watching for the performance of Aptiv PLC in its upcoming earnings disclosure. In that report, analysts expect Aptiv PLC to post earnings of $1.76 per share. This would mark a year-over-year decline of 3.83%. Alongside, our most recent consensus estimate is anticipating revenue of $5.04 billion, indicating a 3.76% upward movement from the same quarter last year.
APTV's full-year Zacks Consensus Estimates are calling for earnings of $7.45 per share and revenue of $20.14 billion. These results would represent year-over-year changes of +19.01% and +2.17%, respectively.
Investors should also note any recent changes to analyst estimates for Aptiv PLC. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.1% upward. Aptiv PLC is currently a Zacks Rank #3 (Hold).
Looking at valuation, Aptiv PLC is presently trading at a Forward P/E ratio of 11.37. For comparison, its industry has an average Forward P/E of 14.16, which means Aptiv PLC is trading at a discount to the group.
We can additionally observe that APTV currently boasts a PEG ratio of 0.94. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. APTV's industry had an average PEG ratio of 1.28 as of yesterday's close.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Aptiv PLC (APTV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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