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Aptiv PLC (APTV) Laps the Stock Market: Here's Why
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In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $71.57, marking a +1.52% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.01%. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 1.22%.
The stock of company has fallen by 17.25% in the past month, lagging the Auto-Tires-Trucks sector's loss of 9.16% and the S&P 500's loss of 2.86%.
Investors will be eagerly watching for the performance of Aptiv PLC in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.66, marking a 1.78% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.03 billion, indicating a 4.15% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $8.4 per share and a revenue of $21.43 billion, demonstrating changes of +7.42% and +5.07%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.11% decrease. At present, Aptiv PLC boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Aptiv PLC is presently trading at a Forward P/E ratio of 8.39. This valuation marks a discount compared to its industry average Forward P/E of 11.59.
It is also worth noting that APTV currently has a PEG ratio of 1.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Automotive - Original Equipment industry had an average PEG ratio of 1.03.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Aptiv PLC (APTV) Laps the Stock Market: Here's Why
In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $71.57, marking a +1.52% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.01%. On the other hand, the Dow registered a gain of 0.83%, and the technology-centric Nasdaq increased by 1.22%.
The stock of company has fallen by 17.25% in the past month, lagging the Auto-Tires-Trucks sector's loss of 9.16% and the S&P 500's loss of 2.86%.
Investors will be eagerly watching for the performance of Aptiv PLC in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.66, marking a 1.78% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.03 billion, indicating a 4.15% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $8.4 per share and a revenue of $21.43 billion, demonstrating changes of +7.42% and +5.07%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.11% decrease. At present, Aptiv PLC boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Aptiv PLC is presently trading at a Forward P/E ratio of 8.39. This valuation marks a discount compared to its industry average Forward P/E of 11.59.
It is also worth noting that APTV currently has a PEG ratio of 1.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Automotive - Original Equipment industry had an average PEG ratio of 1.03.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 35% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.