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Why Aptiv PLC (APTV) Dipped More Than Broader Market Today
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In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $43.48, marking a -2.77% move from the previous day. This change lagged the S&P 500's 0.22% loss on the day. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
Heading into today, shares of the company had lost 2.21% over the past month, outpacing the Business Services sector's loss of 4.73% and lagging the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of Aptiv PLC in its upcoming release. 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. In the meantime, our current consensus estimate forecasts the revenue to be $3.17 billion, indicating a 39.2% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.68 per share and a revenue of $12.71 billion, demonstrating changes of -27.37% and -37.7%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Aptiv PLC. These revisions help to show the ever-changing nature 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 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.18% downward. Aptiv PLC currently has a Zacks Rank of #4 (Sell).
With respect to valuation, Aptiv PLC is currently being traded at a Forward P/E ratio of 7.87. This signifies a discount in comparison to the average Forward P/E of 15.73 for its industry.
Also, we should mention that APTV has a PEG ratio of 0.87. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Technology Services stocks are, on average, holding a PEG ratio of 1.22 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 174, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Why Aptiv PLC (APTV) Dipped More Than Broader Market Today
In the latest trading session, Aptiv PLC (APTV - Free Report) closed at $43.48, marking a -2.77% move from the previous day. This change lagged the S&P 500's 0.22% loss on the day. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
Heading into today, shares of the company had lost 2.21% over the past month, outpacing the Business Services sector's loss of 4.73% and lagging the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of Aptiv PLC in its upcoming release. 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. In the meantime, our current consensus estimate forecasts the revenue to be $3.17 billion, indicating a 39.2% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.68 per share and a revenue of $12.71 billion, demonstrating changes of -27.37% and -37.7%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Aptiv PLC. These revisions help to show the ever-changing nature 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 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.18% downward. Aptiv PLC currently has a Zacks Rank of #4 (Sell).
With respect to valuation, Aptiv PLC is currently being traded at a Forward P/E ratio of 7.87. This signifies a discount in comparison to the average Forward P/E of 15.73 for its industry.
Also, we should mention that APTV has a PEG ratio of 0.87. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Technology Services stocks are, on average, holding a PEG ratio of 1.22 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 174, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.