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Apple (AAPL) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Apple (AAPL - Free Report) closed at $153.92, marking a +0.4% move from the previous day. This change outpaced the S&P 500's 0.22% gain on the day. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the maker of iPhones, iPads and other products had gained 4.41% over the past month, lagging the Computer and Technology sector's gain of 7.59% and the S&P 500's gain of 9.27% in that time.
AAPL will be looking to display strength as it nears its next earnings release, which is expected to be January 29, 2019. In that report, analysts expect AAPL to post earnings of $4.17 per share. This would mark year-over-year growth of 7.2%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $84.10 billion, down 4.75% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.89 per share and revenue of $259.29 billion, which would represent changes of -0.17% and -2.37%, respectively, from the prior year.
Any recent changes to analyst estimates for AAPL should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.57% lower. AAPL is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, AAPL is currently trading at a Forward P/E ratio of 12.89. For comparison, its industry has an average Forward P/E of 14.73, which means AAPL is trading at a discount to the group.
Meanwhile, AAPL's PEG ratio is currently 1.48. 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. Computer - Mini computers stocks are, on average, holding a PEG ratio of 1.98 based on yesterday's closing prices.
The Computer - Mini computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Apple (AAPL) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Apple (AAPL - Free Report) closed at $153.92, marking a +0.4% move from the previous day. This change outpaced the S&P 500's 0.22% gain on the day. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.08%.
Heading into today, shares of the maker of iPhones, iPads and other products had gained 4.41% over the past month, lagging the Computer and Technology sector's gain of 7.59% and the S&P 500's gain of 9.27% in that time.
AAPL will be looking to display strength as it nears its next earnings release, which is expected to be January 29, 2019. In that report, analysts expect AAPL to post earnings of $4.17 per share. This would mark year-over-year growth of 7.2%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $84.10 billion, down 4.75% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.89 per share and revenue of $259.29 billion, which would represent changes of -0.17% and -2.37%, respectively, from the prior year.
Any recent changes to analyst estimates for AAPL should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.57% lower. AAPL is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, AAPL is currently trading at a Forward P/E ratio of 12.89. For comparison, its industry has an average Forward P/E of 14.73, which means AAPL is trading at a discount to the group.
Meanwhile, AAPL's PEG ratio is currently 1.48. 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. Computer - Mini computers stocks are, on average, holding a PEG ratio of 1.98 based on yesterday's closing prices.
The Computer - Mini computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.