Aptiv PLC (APTV) Falls More Steeply Than Broader Market: What Investors Need to Know

Aptiv PLC (APTV) ended the recent trading session at $63.19, demonstrating a -1.79% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.76% for the day. Elsewhere, the Dow saw a downswing of 1.14%, while the tech-heavy Nasdaq depreciated by 0.18%.Heading into today, shares of the company had gained 0.56% over the past month, outpacing the Business Services sector's loss of 9.99% and the S&P 500's loss of 7.29% in that time.The investment community will be closely monitoring the performance of Aptiv PLC in its forthcoming earnings report. In that report, analysts expect Aptiv PLC to post earnings of $1.53 per share. This would mark year-over-year growth of 31.9%. Simultaneously, our latest consensus estimate expects the revenue to be $4.75 billion, showing a 3.06% drop compared to the year-ago quarter.Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.30 per share and revenue of $19.9 billion. These totals would mark changes of +16.61% and +0.93%, respectively, from last year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Aptiv PLC. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.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 past month, the Zacks Consensus EPS estimate has moved 0.83% higher. Aptiv PLC currently has a Zacks Rank of #3 (Hold).Digging into valuation, Aptiv PLC currently has a Forward P/E ratio of 8.81. This denotes a discount relative to the industry's average Forward P/E of 20.68.One should further note that APTV currently holds 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. The average PEG ratio for the Technology Services industry stood at 1.72 at the close of the market yesterday.The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Aptiv PLC (APTV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks