In the latest close session, Aptiv PLC (APTV) was down 4.63% at $45.73. This move lagged the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.
The stock of company has fallen by 3.73% in the past month, lagging the Business Services sector's loss of 1.01% and the S&P 500's loss of 0.36%.
Investors will be eagerly watching for the performance of Aptiv PLC in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.33, reflecting a 38.71% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.2 billion, showing a 38.64% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.69 per share and revenue of $12.71 billion, indicating changes of -27.24% and -37.7%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Aptiv PLC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Aptiv PLC presently features a Zacks Rank of #5 (Strong Sell).
With respect to valuation, Aptiv PLC is currently being traded at a Forward P/E ratio of 8.43. For comparison, its industry has an average Forward P/E of 18.34, which means Aptiv PLC is trading at a discount to the group.
It's also important to note that APTV currently trades at a PEG ratio of 0.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Technology Services industry was having an average PEG ratio of 1.3.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 35% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Aptiv PLC (APTV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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