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Aptiv PLC (APTV) Registers a Bigger Fall Than the Market: Important Facts to Note
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Aptiv PLC (APTV - Free Report) closed at $43.64 in the latest trading session, marking a -2.57% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Coming into today, shares of the company had lost 2.1% in the past month. In that same time, the Business Services sector lost 5.02%, while the S&P 500 gained 0.96%.
The upcoming earnings release of Aptiv PLC will be of great interest to investors. The company's upcoming EPS is projected at $1.33, signifying a 38.71% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.2 billion, down 38.64% from the year-ago period.
APTV's full-year Zacks Consensus Estimates are calling for earnings of $5.69 per share and revenue of $12.71 billion. These results would represent year-over-year changes of -27.24% and -37.7%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Aptiv PLC. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Aptiv PLC presently features 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 7.87. Its industry sports an average Forward P/E of 16.71, so one might conclude that Aptiv PLC is trading at a discount comparatively.
It is also worth noting that APTV currently has a PEG ratio of 0.87. 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 average PEG ratio for the Technology Services industry stood at 1.22 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 32% 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) Registers a Bigger Fall Than the Market: Important Facts to Note
Aptiv PLC (APTV - Free Report) closed at $43.64 in the latest trading session, marking a -2.57% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.77%. On the other hand, the Dow registered a loss of 0.67%, and the technology-centric Nasdaq decreased by 0.92%.
Coming into today, shares of the company had lost 2.1% in the past month. In that same time, the Business Services sector lost 5.02%, while the S&P 500 gained 0.96%.
The upcoming earnings release of Aptiv PLC will be of great interest to investors. The company's upcoming EPS is projected at $1.33, signifying a 38.71% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.2 billion, down 38.64% from the year-ago period.
APTV's full-year Zacks Consensus Estimates are calling for earnings of $5.69 per share and revenue of $12.71 billion. These results would represent year-over-year changes of -27.24% and -37.7%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Aptiv PLC. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Aptiv PLC presently features 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 7.87. Its industry sports an average Forward P/E of 16.71, so one might conclude that Aptiv PLC is trading at a discount comparatively.
It is also worth noting that APTV currently has a PEG ratio of 0.87. 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 average PEG ratio for the Technology Services industry stood at 1.22 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 32% 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.