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Apple (AAPL) Stock Sinks As Market Gains: What You Should Know
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Apple (AAPL - Free Report) closed at $339.50 in the latest trading session, marking a -1% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.28% for the day. Elsewhere, the Dow saw an upswing of 1.02%, while the tech-heavy Nasdaq depreciated by 0.02%.
The maker of iPhones, iPads and other products's stock has climbed by 1.17% in the past month, exceeding the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
Market participants will be closely following the financial results of Apple in its upcoming release. The company plans to announce its earnings on November 2, 2026. On that day, Apple is projected to report earnings of $2 per share, which would represent year-over-year growth of 8.11%. At the same time, our most recent consensus estimate is projecting a revenue of $113.01 billion, reflecting a 10.29% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.86 per share and a revenue of $477.39 billion, signifying shifts of +18.77% and +14.71%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Apple. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.57% higher. Right now, Apple possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Apple is at present trading with a Forward P/E ratio of 35.77. This denotes a premium relative to the industry average Forward P/E of 17.45.
Meanwhile, AAPL's PEG ratio is currently 2.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. AAPL's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 22, positioning it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
View the Zacks #1 Rank List
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Apple (AAPL) Stock Sinks As Market Gains: What You Should Know
Apple (AAPL - Free Report) closed at $339.50 in the latest trading session, marking a -1% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.28% for the day. Elsewhere, the Dow saw an upswing of 1.02%, while the tech-heavy Nasdaq depreciated by 0.02%.
The maker of iPhones, iPads and other products's stock has climbed by 1.17% in the past month, exceeding the Computer and Technology sector's loss of 2.28% and the S&P 500's gain of 0.67%.
Market participants will be closely following the financial results of Apple in its upcoming release. The company plans to announce its earnings on November 2, 2026. On that day, Apple is projected to report earnings of $2 per share, which would represent year-over-year growth of 8.11%. At the same time, our most recent consensus estimate is projecting a revenue of $113.01 billion, reflecting a 10.29% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.86 per share and a revenue of $477.39 billion, signifying shifts of +18.77% and +14.71%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Apple. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.57% higher. Right now, Apple possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Apple is at present trading with a Forward P/E ratio of 35.77. This denotes a premium relative to the industry average Forward P/E of 17.45.
Meanwhile, AAPL's PEG ratio is currently 2.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. AAPL's industry had an average PEG ratio of 1.57 as of yesterday's close.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 22, positioning it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.