Aptiv PLC (APTV) closed at $68.60 in the latest trading session, marking a -5.92% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 2.65%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 4.18%.
The company's shares have seen an increase of 27.68% over the last month, surpassing the Business Services sector's loss of 0.53% and the S&P 500's gain of 5.47%.
Market participants will be closely following the financial results of Aptiv PLC in its upcoming release. On that day, Aptiv PLC is projected to report earnings of $1.43 per share, which would represent a year-over-year decline of 32.55%. Simultaneously, our latest consensus estimate expects the revenue to be $3.3 billion, showing a 36.56% drop compared to the year-ago quarter.
APTV's full-year Zacks Consensus Estimates are calling for earnings of $6.34 per share and revenue of $15.1 billion. These results would represent year-over-year changes of -18.93% and -25.97%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 8.6% higher. Aptiv PLC presently features a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Aptiv PLC currently has a Forward P/E ratio of 11.5. For comparison, its industry has an average Forward P/E of 16.19, which means Aptiv PLC is trading at a discount to the group.
Investors should also note that APTV has a PEG ratio of 1.23 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Technology Services was holding an average PEG ratio of 1.38 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 167, placing it within the bottom 32% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).