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Aptiv PLC (APTV) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $66.62, marking a -2.1% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Elsewhere, the Dow gained 0.92%, while the tech-heavy Nasdaq added 3.07%.
The company's shares have seen an increase of 25.23% over the last month, surpassing the Business Services sector's loss of 1.04% and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Aptiv PLC in its upcoming release. The company is forecasted to report an EPS of $1.41, showcasing a 33.49% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.3 billion, showing a 36.68% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.32 per share and a revenue of $15.05 billion, demonstrating changes of -19.18% and -26.19%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.36% decrease. Aptiv PLC is holding a Zacks Rank of #5 (Strong Sell) right now.
In the context of valuation, Aptiv PLC is at present trading with a Forward P/E ratio of 10.76. Its industry sports an average Forward P/E of 15.42, so one might conclude that Aptiv PLC is trading at a discount comparatively.
Meanwhile, APTV's PEG ratio is currently 1.15. 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 average PEG ratio for the Technology Services industry stood at 1.43 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 163, this industry ranks in the bottom 34% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Aptiv PLC (APTV) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $66.62, marking a -2.1% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Elsewhere, the Dow gained 0.92%, while the tech-heavy Nasdaq added 3.07%.
The company's shares have seen an increase of 25.23% over the last month, surpassing the Business Services sector's loss of 1.04% and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Aptiv PLC in its upcoming release. The company is forecasted to report an EPS of $1.41, showcasing a 33.49% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.3 billion, showing a 36.68% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.32 per share and a revenue of $15.05 billion, demonstrating changes of -19.18% and -26.19%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.36% decrease. Aptiv PLC is holding a Zacks Rank of #5 (Strong Sell) right now.
In the context of valuation, Aptiv PLC is at present trading with a Forward P/E ratio of 10.76. Its industry sports an average Forward P/E of 15.42, so one might conclude that Aptiv PLC is trading at a discount comparatively.
Meanwhile, APTV's PEG ratio is currently 1.15. 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 average PEG ratio for the Technology Services industry stood at 1.43 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 163, this industry ranks in the bottom 34% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.