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Aptiv PLC (APTV) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Aptiv PLC (APTV - Free Report) was up +2.21% at $43.97. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
Shares of the company have depreciated by 4.46% over the course of the past month, outperforming the Business Services sector's loss of 6.44%, and lagging the S&P 500's loss of 0.35%.
The upcoming earnings release of Aptiv PLC will be of great interest to investors. On that day, Aptiv PLC is projected to report earnings of $1.33 per share, which would represent a year-over-year decline of 38.71%. Our most recent consensus estimate is calling for quarterly revenue of $3.17 billion, down 39.13% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.69 per share and a revenue of $12.71 billion, demonstrating changes of -27.24% and -37.7%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Aptiv PLC. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Aptiv PLC is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Aptiv PLC is presently trading at a Forward P/E ratio of 7.56. This indicates a discount in contrast to its industry's Forward P/E of 15.89.
It is also worth noting that APTV currently has a PEG ratio of 0.83. 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. Technology Services stocks are, on average, holding a PEG ratio of 1.17 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 182, which puts it in the bottom 27% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Aptiv PLC (APTV) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Aptiv PLC (APTV - Free Report) was up +2.21% at $43.97. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
Shares of the company have depreciated by 4.46% over the course of the past month, outperforming the Business Services sector's loss of 6.44%, and lagging the S&P 500's loss of 0.35%.
The upcoming earnings release of Aptiv PLC will be of great interest to investors. On that day, Aptiv PLC is projected to report earnings of $1.33 per share, which would represent a year-over-year decline of 38.71%. Our most recent consensus estimate is calling for quarterly revenue of $3.17 billion, down 39.13% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.69 per share and a revenue of $12.71 billion, demonstrating changes of -27.24% and -37.7%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Aptiv PLC. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Aptiv PLC is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Aptiv PLC is presently trading at a Forward P/E ratio of 7.56. This indicates a discount in contrast to its industry's Forward P/E of 15.89.
It is also worth noting that APTV currently has a PEG ratio of 0.83. 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. Technology Services stocks are, on average, holding a PEG ratio of 1.17 based on yesterday's closing prices.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 182, which puts it in the bottom 27% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.