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In the latest market close, Aptiv PLC (APTV) reached $59.50, with a -1.8% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.55%. Meanwhile, the Dow experienced a rise of 1.01%, and the technology-dominated Nasdaq saw a decrease of 0.14%.
Shares of the company witnessed a loss of 6.96% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 8.05% and underperforming the S&P 500's loss of 6.22%.
The investment community will be closely monitoring the performance of Aptiv PLC in its forthcoming earnings report. The company is predicted to post an EPS of $1.53, indicating a 31.9% growth compared to the equivalent quarter last year. 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.
APTV's full-year Zacks Consensus Estimates are calling for earnings of $7.32 per share and revenue of $19.85 billion. These results would represent year-over-year changes of +16.93% and +0.67%, respectively.
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 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 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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.68% upward. Currently, Aptiv PLC is carrying a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Aptiv PLC is currently exchanging hands at a Forward P/E ratio of 8.28. This represents a discount compared to its industry's average Forward P/E of 10.77.
We can additionally observe that APTV currently boasts a PEG ratio of 0.55. 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. By the end of yesterday's trading, the Automotive - Original Equipment industry had an average PEG ratio of 0.77.