Aptiv PLC (APTV) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individ ...

Michael Vi We are witnessing major changes in the automotive industry, with trends in electrification and autonomous driving technologies. This created plenty of new feature requirements such as the entertainment from the gadgets instead of the driving experience, influencing the complexity of the onboard systems. Adding greater safety requirements and tougher emission standards continues to add demand for technologies to serve these "megatrends". With the sales of vehicles increasing worldwide, the correla ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Diversified Energy Company PLC (DEC) : This energy company which is focused on natural gas and liquids production, transport, marketing and well retirement, has seen the Zacks Consensus Estimate for its current year earnings increasing 47.6% over the last 60 days.MINISO Group Holding Limited (MNSO) : This retailer which is offering design-led lifestyle products in Guangzhou, China, has seen the Zacks Consensus Estimate for its current y ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

Investors looking for stocks in the Technology Services sector might want to consider either Aptiv PLC (APTV) or Rocket Companies (RKT) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies ...

Shares of Aptiv PLC (APTV) have gained 11% over the past four weeks to close the last trading session at $83.20, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $104.88 indicates a potential upside of 26.1%.The mean estimate comprises 16 short-term price targets with a standard deviation of $21.57. While the lowest estimate of $75 indicates a 9.9% decline from the current price ...

Aptiv PLC (APTV)  reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.The earnings beat impressed investors as the stock gained 8.5% since the earnings release on May 2.Quarterly adjusted earnings of $1.16 per share beat the Zacks Consensus Estimate by 10.5% and increased 27.5% year over year. Revenues of $4.9 billion missed the Zacks Consensus Estimate by 1.7% but increased 1.7% year over year.The company’s adjusted revenues registered ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q ___________________________________________________________________________________________________________________________________________________________ ...

Financial Data and Key Metrics - Q1 2024 revenue was $4.9 billion, representing a 2% year-over-year growth, impacted by slowing EV production in North America and Europe [7][27] - EBITDA and operating income were $720 million and $544 million, respectively, with a 20% growth and 200 basis points margin expansion [7][27] - Earnings per share increased 27% to $1.16 [7][27] - The company repurchased $600 million of stock during the quarter, bringing the total to $900 million over the last two quarters [7][8] - Full-year 2024 revenue guidance was lowered by $450 million due to EV production weakness and foreign exchange impacts [8][35] Business Line Data and Key Metrics - Advanced Safety and User Experience (ASUX) segment grew 5%, driven by 24% growth in active safety, with $2.5 billion in new bookings [12][14] - Signal and Power Solutions (SPS) segment saw 1% revenue growth, with $10.3 billion in new bookings, including $7 billion in electrical distribution systems [12][18] - ASUX operating income margin was 10.8%, while SPS operating income margin was 11.2% [31][32] Market Data and Key Metrics - In China, the company secured $3 billion in new business awards, with 70% of bookings coming from local OEMs [13][64] - North America revenue grew 2%, Europe revenue declined 1%, and China revenue grew 5% above market [29][30] - High-voltage revenue declined 2% in North America and 6% in Europe due to EV production slowdowns [27][28] Company Strategy and Industry Competition - The company is focusing on cost reduction initiatives, including a 10% reduction in salary payroll and increased automation to 30% by 2026 [10][53] - Aptiv is well-positioned to support the transition to electrified, software-defined vehicles, with a strong portfolio across all powertrain platforms [21][22] - The company is leveraging its edge-to-cloud portfolio to capitalize on the automotive industry's transition to software-defined vehicles [25] Management Commentary on Operating Environment and Future Outlook - Management noted continued weakness in EV production, particularly in North America and Europe, leading to a revised 2024 outlook [8][27] - The company expects second-half revenue growth to accelerate, driven by new program launches and volume growth [39][40] - Aptiv remains confident in its long-term growth prospects, supported by its competitive position and cost-saving initiatives [11][43] Other Important Information - The company reached an agreement with Hyundai regarding the Motional joint venture, with Hyundai providing additional funding and acquiring 11% of Motional's common equity [41][42] - Aptiv increased its share repurchase target from $750 million to $1.5 billion for 2024, reflecting confidence in the stock's undervaluation [11][36] Q&A Session Summary Question: Growth potential with Japanese OEMs and local sourcing in China [46] - Aptiv is making progress with Japanese OEMs, particularly in ADAS and hybrid/BEV segments, and views itself as a local supplier in China due to its 30-year presence and localized capabilities [49][51] Question: Automation and labor cost savings [52] - The company aims to increase automation to 30% of labor hours by 2026 and 50% by 2030, starting from a baseline of 15% [53][54] Question: Gen 6 ADAS platform and growth over market [55] - The Gen 6 ADAS platform offers 15-30% cost savings to customers, and the company expects growth over market to remain in the 6-8% range [56][57] Question: ASUX margins and outlook [58] - ASUX margins are expected to remain in the 10.5-11% range for the year, driven by cost reductions and engineering rotation [59] Question: Positioning in China and emerging players [60] - Aptiv is well-positioned in China, with over 50% of bookings from local OEMs, and is working with emerging players like Xiaomi and Huawei [61][62] Question: Capital allocation and buyback strategy [67] - The company plans to continue share repurchases at healthy levels, given the stock's undervaluation, while also pursuing acquisitions to diversify revenues [68] Question: Active safety growth and pricing dynamics [84][87] - Active safety revenue is expected to grow over 20% for the year, with pricing dynamics shifting from material inflation to labor inflation [85][88] Question: Impact of powertrain shifts on SPS business [98] - The company can pivot between ICE, hybrid, and BEV product lines with minimal retooling, as many facilities already produce both low and high-voltage solutions [99][100] Question: Global production outlook [101] - The company revised its global vehicle production outlook down by 1%, primarily due to BEV production cuts, with some offset from increased ICE production [102][103]

For the quarter ended March 2024, Aptiv PLC (APTV) reported revenue of $4.9 billion, up 1.7% over the same period last year. EPS came in at $1.16, compared to $0.91 in the year-ago quarter.The reported revenue represents a surprise of -1.72% over the Zacks Consensus Estimate of $4.99 billion. With the consensus EPS estimate being $1.05, the EPS surprise was +10.48%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...