In the latest trading session, Apple (AAPL - Free Report) closed at $176.89, marking a -0.05% move from the previous day. This change lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow 0%, and the tech-heavy Nasdaq gained 0.92%.
Prior to today's trading, shares of the maker of iPhones, iPads and other products had lost 20.54% over the past month. This has lagged the Computer and Technology sector's loss of 7.28% and the S&P 500's loss of 4.37% in that time.
Wall Street will be looking for positivity from AAPL as it approaches its next earnings report date. This is expected to be February 7, 2019. In that report, analysts expect AAPL to post earnings of $4.76 per share. This would mark year-over-year growth of 22.37%. Our most recent consensus estimate is calling for quarterly revenue of $91.94 billion, up 4.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $13.35 per share and revenue of $278.75 billion, which would represent changes of +12.09% and +4.95%, respectively, from the prior year.
Any recent changes to analyst estimates for AAPL should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.36% lower within the past month. AAPL is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, AAPL currently has a Forward P/E ratio of 13.26. This valuation marks a discount compared to its industry's average Forward P/E of 15.02.
Meanwhile, AAPL's PEG ratio is currently 1.27. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Computer - Mini computers stocks are, on average, holding a PEG ratio of 1.69 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 55, which puts it in the top 21% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.