Apple (AAPL) closed up 2.25% at $201.00, outperforming the S&P 500 despite a 2.37% decrease over the last month, lagging behind both its sector and the broader market. Upcoming earnings are expected to show EPS of $1.41 (up 0.71% year-over-year) and revenue of $88.31 billion (up 2.95% year-over-year), with annual estimates projecting EPS of $7.11 and revenue of $404.19 billion, representing increases of 5.33% and 3.36% respectively. AAPL currently holds a Zacks Rank of #3 (Hold) and trades at a premium to its industry, with a Forward P/E of 27.64 compared to the industry average of 11.04.
Apple (AAPL) demonstrated notable resilience in the latest session, closing up 2.25% at $201.00 while the broader S&P 500 and tech-heavy Nasdaq posted losses of 0.22% and 0.51%, respectively. This daily outperformance, however, masks a period of recent weakness, with the stock having declined 2.37% over the past month, lagging both the S&P 500's 0.45% gain and the Computer and Technology sector's 2.98% advance. Investor focus is now squarely on the upcoming earnings release, where consensus forecasts project modest growth: a 0.71% year-over-year increase in EPS to $1.41 and a 2.95% rise in revenue to $88.31 billion. While full-year estimates remain more robust with expected EPS growth of 5.33%, the stock's valuation appears stretched. Apple trades at a Forward P/E of 27.64, more than double its industry's average of 11.04, and its PEG ratio of 2.19 is also significantly above the industry average of 1.47. This premium valuation, combined with a slight 0.15% decline in the Zacks Consensus EPS estimate over the past month, contributes to its neutral Zacks Rank of #3 (Hold), suggesting a balanced risk-reward profile in the near term.
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Request a DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
Ticker Sentiment
