In the latest trading session, Stellantis (STLA) closed at $9.79, marking a -1.31% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.55%. On the other hand, the Dow registered a gain of 0.63%, and the technology-centric Nasdaq increased by 0.91%.
Shares of the automaker witnessed a loss of 10.06% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its loss of 5.88%, and the S&P 500's gain of 0.71%.
The investment community will be closely monitoring the performance of Stellantis in its forthcoming earnings report.
STLA's full-year Zacks Consensus Estimates are calling for earnings of $1.56 per share and revenue of $180.05 billion. These results would represent year-over-year changes of -41.79% and +6.05%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Stellantis. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 8.97% lower. Stellantis is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Stellantis's current valuation metrics, including its Forward P/E ratio of 6.35. This indicates a discount in contrast to its industry's Forward P/E of 12.82.
It's also important to note that STLA currently trades at a PEG ratio of 0.46. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Automotive - Foreign industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 214, putting it in the bottom 13% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Stellantis N.V. (STLA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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