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Investors Heavily Search Aptiv PLC (APTV): Here is What You Need to Know
AptivAptiv(US:APTV) zacks.comยท2024-05-24 14:01

Core Viewpoint - Aptiv PLC has shown strong stock performance recently, with a return of +14.5% over the past month, significantly outperforming the S&P 500's +4% and the Zacks Technology Services industry's +5.9% [1] Earnings Estimates - The expected earnings for the current quarter are $1.40 per share, reflecting a year-over-year increase of +12%, with a recent upward revision of +6.5% in the Zacks Consensus Estimate [2] - The consensus earnings estimate for the current fiscal year is $6.01, indicating a year-over-year change of +23.7%, with a +5.4% increase over the last 30 days [3] - For the next fiscal year, the consensus estimate is $7.82, representing a +30% change from the previous year, with a +9.8% revision in the last month [3] - Aptiv holds a Zacks Rank 2 (Buy), indicating a positive outlook based on earnings estimate revisions [3] Revenue Growth - The consensus sales estimate for the current quarter is $5.35 billion, showing a year-over-year increase of +2.9% [5] - For the current fiscal year, the sales estimate is $21.1 billion, indicating a +5.2% change, while the next fiscal year's estimate is $22.64 billion, reflecting a +7.3% increase [5] Recent Performance - In the last reported quarter, Aptiv generated revenues of $4.9 billion, a year-over-year increase of +1.7%, and an EPS of $1.16 compared to $0.91 a year ago [6] - The reported revenues were slightly below the Zacks Consensus Estimate of $4.99 billion, resulting in a revenue surprise of -1.72%, while the EPS exceeded estimates by +10.48% [6] - The company has consistently beaten consensus EPS estimates in the last four quarters and has topped revenue estimates twice during this period [6] Valuation - Aptiv is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [7][8] Conclusion - The combination of strong earnings growth, positive revenue estimates, and favorable valuation metrics suggests that Aptiv may outperform the broader market in the near term [10]