Aptiv PLC (APTV) closed at $76.09 in the latest trading session, marking a -1.05% move from the prior day. The stock’s change was less than the S&P 500’s daily loss of 0.74%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.76%.
The company’s shares have seen a decrease of 0.75% over the last month, not keeping up with the Auto-Tires-Trucks sector’s gain of 4.56% and the S&P 500’s gain of 0.79%.
Analysts and investors alike will be keeping a close eye on the performance of Aptiv PLC in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.79, indicating a 2.29% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.03 billion, up 2.58% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.73 per share and a revenue of $20.28 billion, signifying shifts of +23.48% and +2.87%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Aptiv PLC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts’ confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.39% higher. Currently, Aptiv PLC is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Aptiv PLC is presently being traded at a Forward P/E ratio of 9.95. This expresses a discount compared to the average Forward P/E of 16.89 of its industry.
It’s also important to note that APTV currently trades at a PEG ratio of 0.97. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Automotive – Original Equipment stocks are, on average, holding a PEG ratio of 1.24 based on yesterday’s closing prices.
The Automotive – Original Equipment industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 85, placing it within the top 35% of over 250 industries.