Stellantis (STLA) Stock Sinks As Market Gains: Here's Why

Stellantis (STLA) ended the recent trading session at $12.93, demonstrating a -1.6% swing from the preceding day's closing price. This change lagged the S&P 500's 0.39% gain on the day. Elsewhere, the Dow saw an upswing of 0.71%, while the tech-heavy Nasdaq appreciated by 0.2%.Heading into today, shares of the automaker had gained 0.23% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.13% and lagging the S&P 500's gain of 1.7% in that time.Analysts and investors alike will be keeping a close eye on the performance of Stellantis in its upcoming earnings disclosure.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.67 per share and a revenue of $171.21 billion, indicating changes of -58.48% and -16.53%, respectively, from the former year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Stellantis. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate has moved 5.57% lower within the past month. Stellantis is currently sporting a Zacks Rank of #4 (Sell).In the context of valuation, Stellantis is at present trading with a Forward P/E ratio of 4.92. Its industry sports an average Forward P/E of 6.85, so one might conclude that Stellantis is trading at a discount comparatively.Also, we should mention that STLA has a PEG ratio of 0.39. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Automotive - Foreign industry held an average PEG ratio of 0.81.The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 17% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual 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.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want 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 Stellantis N.V. (STLA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks