Aptiv PLC (APTV) Stock Sinks As Market Gains: What You Should Know

Aptiv PLC (APTV) closed at $62.65 in the latest trading session, marking a -0.92% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.64%. Elsewhere, the Dow gained 0.85%, while the tech-heavy Nasdaq added 0.31%.Shares of the company have depreciated by 5.63% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 19.07% and the S&P 500's loss of 7.69%.The investment community will be paying close attention to the earnings performance of Aptiv PLC in its upcoming release. 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 $4.75 billion, indicating a 3.06% decline compared to the corresponding quarter of the prior year.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.30 per share and a revenue of $19.9 billion, indicating changes of +16.61% and +0.93%, respectively, from the former year.It's also important for investors to be aware of any recent modifications to analyst estimates for Aptiv PLC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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, the Zacks Consensus EPS estimate has shifted 1.44% upward. Aptiv PLC currently has a Zacks Rank of #3 (Hold).Looking at valuation, Aptiv PLC is presently trading at a Forward P/E ratio of 8.66. This denotes a discount relative to the industry's average Forward P/E of 11.33.Also, we should mention that APTV has a PEG ratio of 0.57. 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 the market closed yesterday, the Automotive - Original Equipment industry was having an average PEG ratio of 0.78.The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 150, positioning it in the bottom 41% 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.To follow APTV in the coming trading sessions, be sure to utilize Zacks.com.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