We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Apple (AAPL) Stock Moves -0.09%: What You Should Know
Read MoreHide Full Article
Apple (AAPL - Free Report) closed at $198.60 in the latest trading session, marking a -0.09% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.17%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.32%.
Heading into today, shares of the maker of iPhones, iPads and other products had gained 10.64% over the past month, outpacing the Computer and Technology sector's gain of 2.43% and the S&P 500's gain of 3.07% in that time.
AAPL will be looking to display strength as it nears its next earnings release. On that day, AAPL is projected to report earnings of $2.12 per share, which would represent a year-over-year decline of 9.4%. Meanwhile, our latest consensus estimate is calling for revenue of $53.31 billion, up 0.09% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.47 per share and revenue of $256.48 billion, which would represent changes of -3.69% and -3.43%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AAPL. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.05% lower. AAPL is currently a Zacks Rank #3 (Hold).
Digging into valuation, AAPL currently has a Forward P/E ratio of 17.33. For comparison, its industry has an average Forward P/E of 9.75, which means AAPL is trading at a premium to the group.
Investors should also note that AAPL has a PEG ratio of 1.68 right now. 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 2.4 based on yesterday's closing prices.
The Computer - Mini computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow AAPL in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Apple (AAPL) Stock Moves -0.09%: What You Should Know
Apple (AAPL - Free Report) closed at $198.60 in the latest trading session, marking a -0.09% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.17%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.32%.
Heading into today, shares of the maker of iPhones, iPads and other products had gained 10.64% over the past month, outpacing the Computer and Technology sector's gain of 2.43% and the S&P 500's gain of 3.07% in that time.
AAPL will be looking to display strength as it nears its next earnings release. On that day, AAPL is projected to report earnings of $2.12 per share, which would represent a year-over-year decline of 9.4%. Meanwhile, our latest consensus estimate is calling for revenue of $53.31 billion, up 0.09% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.47 per share and revenue of $256.48 billion, which would represent changes of -3.69% and -3.43%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AAPL. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.05% lower. AAPL is currently a Zacks Rank #3 (Hold).
Digging into valuation, AAPL currently has a Forward P/E ratio of 17.33. For comparison, its industry has an average Forward P/E of 9.75, which means AAPL is trading at a premium to the group.
Investors should also note that AAPL has a PEG ratio of 1.68 right now. 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 2.4 based on yesterday's closing prices.
The Computer - Mini computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow AAPL in the coming trading sessions, be sure to utilize Zacks.com.