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Aptiv PLC (APTV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $67.04, marking a -5.51% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Coming into today, shares of the company had lost 7.91% in the past month. In that same time, the Auto-Tires-Trucks sector lost 9.96%, while the S&P 500 lost 6.15%.
The investment community will be closely monitoring the performance of Aptiv PLC in its forthcoming earnings report. The company is expected to report EPS of $1.66, down 1.78% from the prior-year quarter. 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 annual period, the Zacks Consensus Estimates anticipate earnings of $8.4 per share and a revenue of $21.43 billion, signifying shifts of +7.42% and +5.07%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Aptiv PLC. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has shifted 0.11% downward. At present, Aptiv PLC boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Aptiv PLC is holding a Forward P/E ratio of 8.44. This represents a discount compared to its industry average Forward P/E of 11.96.
It's also important to note that APTV currently trades at a PEG ratio of 1.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 1.07 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 40% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $67.04, marking a -5.51% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Coming into today, shares of the company had lost 7.91% in the past month. In that same time, the Auto-Tires-Trucks sector lost 9.96%, while the S&P 500 lost 6.15%.
The investment community will be closely monitoring the performance of Aptiv PLC in its forthcoming earnings report. The company is expected to report EPS of $1.66, down 1.78% from the prior-year quarter. 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 annual period, the Zacks Consensus Estimates anticipate earnings of $8.4 per share and a revenue of $21.43 billion, signifying shifts of +7.42% and +5.07%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Aptiv PLC. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 past month, the Zacks Consensus EPS estimate has shifted 0.11% downward. At present, Aptiv PLC boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Aptiv PLC is holding a Forward P/E ratio of 8.44. This represents a discount compared to its industry average Forward P/E of 11.96.
It's also important to note that APTV currently trades at a PEG ratio of 1.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 1.07 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 147, finds itself in the bottom 40% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.