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Aptiv PLC (APTV) Outpaces Stock Market Gains: What You Should Know
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In the latest close session, Aptiv PLC (APTV - Free Report) was up +2.31% at $82.30. This move outpaced the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.45%.
Heading into today, shares of the company had gained 20.24% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 13.84% and the S&P 500's gain of 3.07%.
Market participants will be closely following the financial results of Aptiv PLC in its upcoming release. On that day, Aptiv PLC is projected to report earnings of $1.74 per share, which would represent a year-over-year decline of 4.92%. At the same time, our most recent consensus estimate is projecting a revenue of $5.03 billion, reflecting a 3.7% rise from the equivalent quarter last year.
APTV's full-year Zacks Consensus Estimates are calling for earnings of $7.44 per share and revenue of $20.14 billion. These results would represent year-over-year changes of +18.85% and +2.14%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.08% lower. Currently, Aptiv PLC is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Aptiv PLC is currently trading at a Forward P/E ratio of 10.81. This expresses a discount compared to the average Forward P/E of 15.57 of its industry.
One should further note that APTV currently holds a PEG ratio of 0.9. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Automotive - Original Equipment industry was having an average PEG ratio of 1.29.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 63, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow APTV in the coming trading sessions, be sure to utilize Zacks.com.
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Aptiv PLC (APTV) Outpaces Stock Market Gains: What You Should Know
In the latest close session, Aptiv PLC (APTV - Free Report) was up +2.31% at $82.30. This move outpaced the S&P 500's daily gain of 0.21%. Elsewhere, the Dow saw an upswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.45%.
Heading into today, shares of the company had gained 20.24% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 13.84% and the S&P 500's gain of 3.07%.
Market participants will be closely following the financial results of Aptiv PLC in its upcoming release. On that day, Aptiv PLC is projected to report earnings of $1.74 per share, which would represent a year-over-year decline of 4.92%. At the same time, our most recent consensus estimate is projecting a revenue of $5.03 billion, reflecting a 3.7% rise from the equivalent quarter last year.
APTV's full-year Zacks Consensus Estimates are calling for earnings of $7.44 per share and revenue of $20.14 billion. These results would represent year-over-year changes of +18.85% and +2.14%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.08% lower. Currently, Aptiv PLC is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Aptiv PLC is currently trading at a Forward P/E ratio of 10.81. This expresses a discount compared to the average Forward P/E of 15.57 of its industry.
One should further note that APTV currently holds a PEG ratio of 0.9. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Automotive - Original Equipment industry was having an average PEG ratio of 1.29.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 63, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow APTV in the coming trading sessions, be sure to utilize Zacks.com.