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Aptiv PLC (APTV) closed at $64.49 in the latest trading session, marking a +0.91% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 0.46%.
The company's shares have seen a decrease of 4.31% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 8.54% and falling behind the S&P 500's loss of 3.59%.
The upcoming earnings release of Aptiv PLC will be of great interest to investors. The company is expected to report EPS of $1.53, up 31.9% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.77 billion, indicating a 2.58% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.32 per share and a revenue of $19.85 billion, representing changes of +16.93% and +0.67%, respectively, from the prior year.
Investors should also take note of any recent adjustments 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 company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 past month, there's been a 1.68% rise in the Zacks Consensus EPS estimate. Aptiv PLC presently features a Zacks Rank of #2 (Buy).
Looking at valuation, Aptiv PLC is presently trading at a Forward P/E ratio of 8.73. This indicates a discount in contrast to its industry's Forward P/E of 11.4.
It's also important to note that APTV currently trades at a PEG ratio of 0.58. 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. As of the close of trade yesterday, the Automotive - Original Equipment industry held an average PEG ratio of 0.81.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 39% of all industries, numbering over 250.