Friday, June 04, 2021 9:26:11 PM
Fri, June 4, 2021, 11:45 AM
In the latest trading session, Apple (AAPL) closed at $125.89, marking a +1.9% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.88%.
Heading into today, shares of the maker of iPhones, iPads and other products had lost 4.78% over the past month, lagging the Computer and Technology sector's loss of 0.94% and the S&P 500's gain of 0.15% in that time.
Investors will be hoping for strength from AAPL as it approaches its next earnings release. In that report, analysts expect AAPL to post earnings of $0.99 per share. This would mark year-over-year growth of 52.31%. Meanwhile, our latest consensus estimate is calling for revenue of $72.1 billion, up 20.8% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.17 per share and revenue of $353.04 billion, which would represent changes of +57.62% and +28.6%, 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.36% higher. AAPL is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, AAPL currently has a Forward P/E ratio of 23.88. Its industry sports an average Forward P/E of 16.68, so we one might conclude that AAPL is trading at a premium comparatively.
It is also worth noting that AAPL currently has a PEG ratio of 1.91. 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. AAPL's industry had an average PEG ratio of 1.2 as of yesterday's close.
Recent AAPL News
- Visa Faces Monopoly Lawsuit; Meta Introduces Celebrity Voices for Chatbot; Stellantis on the Hunt for New CEO • IH Market News • 09/24/2024 10:15:50 AM
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 01:06:34 PM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- Apple introduces groundbreaking health features to support conditions impacting billions of people • Business Wire • 09/09/2024 06:41:00 PM
- Introducing Apple Watch Series 10 • Business Wire • 09/09/2024 06:36:00 PM
- Apple introduces iPhone 16 and iPhone 16 Plus • Business Wire • 09/09/2024 06:36:00 PM
- Apple introduces AirPods 4 and the world’s first all-in-one hearing health experience with AirPods Pro 2 • Business Wire • 09/09/2024 06:36:00 PM
- Apple Watch Ultra 2 now available in black titanium • Business Wire • 09/09/2024 06:36:00 PM
- Apple debuts iPhone 16 Pro and iPhone 16 Pro Max • Business Wire • 09/09/2024 06:36:00 PM
- Dell, Palantir, and Erie Will Be Added to the S&P 500; Boeing Avoids Strike; Apple Event Takes Place Today • IH Market News • 09/09/2024 10:05:35 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings • IH Market News • 09/04/2024 09:50:25 AM
- Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion • IH Market News • 08/29/2024 10:06:50 AM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Apple Names New CFO, Sony Hikes PS5 Price in Japan, Santander Launches Share Buyback • IH Market News • 08/27/2024 09:35:22 AM
- Stacks Prepares Nakamoto Upgrade, Record Bitcoin ETF Inflows, Semler Scientific Expands Bitcoin Reserves • IH Market News • 08/26/2024 10:35:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 09:20:33 PM
- Apple announces Chief Financial Officer transition • Business Wire • 08/26/2024 08:30:00 PM
- IBM Closes China Research Division, Uber Fined $324M, Starliner to Return Without Astronauts • IH Market News • 08/26/2024 12:58:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2024 08:30:44 PM
- Cruise and Uber Join Forces for Robotaxis, Alibaba Shifts Primary Listing to Hong Kong, Altria Hikes Dividend 4.1% • IH Market News • 08/23/2024 12:20:26 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM