Aptiv slides 2.57% as Zacks sees weaker quarterly results

Aptiv PLC closed at $43.64 in the latest trading session, down 2.57% from the prior day. The decline was steeper than the S&P 500’s 0.77% loss, the Dow’s 0.67% drop and the Nasdaq’s 0.92% fall.

Over the past month, Aptiv shares lost 2.1%, according to the article. The Business Services sector fell 5.02% over the same period, while the S&P 500 gained 0.96%.

Zacks consensus estimates put Aptiv’s upcoming quarterly earnings at $1.33 per share, down 38.71% from the same quarter a year earlier. The revenue estimate is $3.2 billion, a 38.64% year-over-year decline. The article did not specify when the company will report.

For the full year, Zacks consensus estimates call for earnings of $5.69 per share and revenue of $12.71 billion. Those figures would be down 27.24% and 37.7%, respectively, from a year earlier. The consensus earnings estimate had not changed over the prior 30 days.

Zacks also cited a forward price-to-earnings ratio of 7.87 for Aptiv, compared with an industry average of 16.71. The ratio compares a share price with forecast earnings.