Yahoo finance aapl9/11/2023 ![]() ![]() Over the last four quarters, Apple surpassed consensus EPS estimates three times. EPS of $1.52 for the same period compares with $1.52 a year ago.Ĭompared to the Zacks Consensus Estimate of $93.32 billion, the reported revenues represent a surprise of +1.63%. Last Reported Results and Surprise HistoryĪpple reported revenues of $94.84 billion in the last reported quarter, representing a year-over-year change of -2.5%. For the current and next fiscal years, $384.34 billion and $409.1 billion estimates indicate -2.5% and +6.4% changes, respectively. So, it's important to know a company's potential revenue growth.įor Apple, the consensus sales estimate for the current quarter of $81.17 billion indicates a year-over-year change of -2.2%. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. ![]() While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. Over the last 30 days, this estimate has remained unchanged.ġ2-month consensus EPS estimate for AAPL _12MonthEPSChartUrl Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.įor the current fiscal year, the consensus earnings estimate of $5.99 points to a change of -2% from the prior year. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Īpple is expected to post earnings of $1.18 per share for the current quarter, representing a year-over-year change of -1.7%. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. And if earnings estimates go up for a company, the fair value for its stock goes up. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. Now the key question is: Where could the stock be headed in the near term?Īlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. The Zacks Computer - Mini computers industry, to which Apple belongs, has gained 8.7% over this period. Shares of this maker of iPhones, iPads and other products have returned +6.4% over the past month versus the Zacks S&P 500 composite's +5% change. So, you might want to look at some of the facts that could shape the stock's performance in the near term. This valuation marks a premium compared to its industry's average Forward P/E of 9.27.Apple (AAPL) has been one of the most searched-for stocks on lately. Apple currently has a Zacks Rank of #3 (Hold).ĭigging into valuation, Apple currently has a Forward P/E ratio of 30.86. Within the past 30 days, our consensus EPS projection has moved 0.01% lower. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. These results would represent year-over-year changes of -1.96% and -2.53%, respectively.Īny recent changes to analyst estimates for Apple should also be noted by investors. Our most recent consensus estimate is calling for quarterly revenue of $81.17 billion, down 2.16% from the year-ago period.ĪAPL's full-year Zacks Consensus Estimates are calling for earnings of $5.99 per share and revenue of $384.34 billion. The company is expected to report EPS of $1.18, down 1.67% from the prior-year quarter. In that same time, the Computer and Technology sector gained 8.33%, while the S&P 500 gained 5.36%.Īpple will be looking to display strength as it nears its next earnings release. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 5.08%.Ĭoming into today, shares of the maker of iPhones, iPads and other products had gained 6.15% in the past month. This change outpaced the S&P 500's 0.47% loss on the day. In the latest trading session, Apple (AAPL) closed at $185.01, marking a +0.05% move from the previous day.
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