We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Ascends But Remains Behind Market: Some Facts to Note
Read MoreHide Full Article
The latest trading session saw Apple (AAPL - Free Report) ending at $223.83, denoting a +0.53% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.61%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.28%.
Shares of the maker of iPhones, iPads and other products witnessed a loss of 13.77% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.24% and the S&P 500's gain of 2.08%.
The investment community will be closely monitoring the performance of Apple in its forthcoming earnings report. The company is scheduled to release its earnings on January 30, 2025. The company's earnings per share (EPS) are projected to be $2.36, reflecting an 8.26% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $124.1 billion, reflecting a 3.78% rise from the equivalent quarter last year.
AAPL's full-year Zacks Consensus Estimates are calling for earnings of $7.43 per share and revenue of $412.79 billion. These results would represent year-over-year changes of +10.07% and +5.56%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Apple. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Apple currently has a Zacks Rank of #3 (Hold).
Investors should also note Apple's current valuation metrics, including its Forward P/E ratio of 29.97. This signifies a premium in comparison to the average Forward P/E of 12.99 for its industry.
It is also worth noting that AAPL currently has a PEG ratio of 2.18. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Micro Computers industry stood at 1.61 at the close of the market yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Apple (AAPL) Ascends But Remains Behind Market: Some Facts to Note
The latest trading session saw Apple (AAPL - Free Report) ending at $223.83, denoting a +0.53% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.61%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.28%.
Shares of the maker of iPhones, iPads and other products witnessed a loss of 13.77% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.24% and the S&P 500's gain of 2.08%.
The investment community will be closely monitoring the performance of Apple in its forthcoming earnings report. The company is scheduled to release its earnings on January 30, 2025. The company's earnings per share (EPS) are projected to be $2.36, reflecting an 8.26% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $124.1 billion, reflecting a 3.78% rise from the equivalent quarter last year.
AAPL's full-year Zacks Consensus Estimates are calling for earnings of $7.43 per share and revenue of $412.79 billion. These results would represent year-over-year changes of +10.07% and +5.56%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Apple. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Apple currently has a Zacks Rank of #3 (Hold).
Investors should also note Apple's current valuation metrics, including its Forward P/E ratio of 29.97. This signifies a premium in comparison to the average Forward P/E of 12.99 for its industry.
It is also worth noting that AAPL currently has a PEG ratio of 2.18. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Micro Computers industry stood at 1.61 at the close of the market yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.