Aptiv PLC (APTV) ended the recent trading session at $77.20, demonstrating a -1.39% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.64%. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.52%.
The stock of company has risen by 5.61% in the past month, lagging the Auto-Tires-Trucks sector's gain of 14.81% and overreaching the S&P 500's gain of 3%.
The investment community will be paying close attention to the earnings performance of Aptiv PLC in its upcoming release. The company is forecasted to report an EPS of $1.79, showcasing a 2.29% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $5.03 billion, up 2.58% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.73 per share and a revenue of $20.28 billion, indicating changes of +23.48% and +2.87%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% higher. At present, Aptiv PLC boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Aptiv PLC is presently being traded at a Forward P/E ratio of 10.13. Its industry sports an average Forward P/E of 16.83, so one might conclude that Aptiv PLC is trading at a discount comparatively.
It's also important to note that APTV currently trades at a PEG ratio of 0.99. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 1.14.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 76, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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