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Aptiv PLC (APTV) Stock Moves 2.39%: What You Should Know
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Aptiv PLC (APTV - Free Report) ended the recent trading session at $44.61, demonstrating a +2.39% change from the preceding day's closing price. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
Heading into today, shares of the company had lost 7.96% over the past month, lagging the Business Services sector's loss of 4.06% and the S&P 500's gain of 1.27%.
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 $1.33, marking a 38.71% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.2 billion, indicating a 38.64% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.69 per share and a revenue of $12.71 billion, indicating changes of -27.24% and -37.7%, respectively, from the former 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Aptiv PLC currently has a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Aptiv PLC is at present trading with a Forward P/E ratio of 7.66. For comparison, its industry has an average Forward P/E of 17.66, which means Aptiv PLC is trading at a discount to the group.
Meanwhile, APTV's PEG ratio is currently 0.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Technology Services industry currently had an average PEG ratio of 1.23 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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 Moves 2.39%: What You Should Know
Aptiv PLC (APTV - Free Report) ended the recent trading session at $44.61, demonstrating a +2.39% change from the preceding day's closing price. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq gained 0.45%.
Heading into today, shares of the company had lost 7.96% over the past month, lagging the Business Services sector's loss of 4.06% and the S&P 500's gain of 1.27%.
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 $1.33, marking a 38.71% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.2 billion, indicating a 38.64% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.69 per share and a revenue of $12.71 billion, indicating changes of -27.24% and -37.7%, respectively, from the former 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Aptiv PLC currently has a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Aptiv PLC is at present trading with a Forward P/E ratio of 7.66. For comparison, its industry has an average Forward P/E of 17.66, which means Aptiv PLC is trading at a discount to the group.
Meanwhile, APTV's PEG ratio is currently 0.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Technology Services industry currently had an average PEG ratio of 1.23 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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.