Apple (AAPL) closed at $ 119.99 in the latest trading session, a move of -0.45% from the previous day. This change weakened the 0.06% loss of the S&P 500 on the day. At the same time, the Dow lost 0.71% and the technological Nasdaq 0.76%.
Today, shares of the maker of iPhones, iPads and other products lost 7.08% in the past month, bringing the loss of the computer and technology sector by 6.54% and the S&P 500 gain of 0.17% in that time was left behind.
AAPL wants to show strength as it releases its next earnings. In the report, analysts expect AAPL to earn $ 0.99 per share. This will be a year-on-year growth of 54.69%. The Zacks revenue consensus estimate, meanwhile, predicts net sales of $ 77.39 billion, up 32.71% from a year earlier.
Our Zacks consensus estimates for the full year are earnings of $ 4.48 per share and revenue of $ 336.56 billion, which would be + 36.59% and + 22.6% respectively compared to the previous year represent.
It is also important to note the recent changes to the calculation of analysts for AAPL. These recent reviews tend to reflect the development of short-term business trends. Keeping this in mind, we can review positive estimates as a sign of optimism about the company’s prospects.
Research suggests that this estimate of the review is directly correlated with the momentum of the stock price in the short term. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes this estimate into account and provides a workable rating system.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable, unaudited record of success, with # 1 stocks delivering an average annual return of + 25% since 1988. The Zacks consensus estimate has moved 0.13% higher over the past month. AAPL currently has a Zacks rank of # 2 (buy).
In terms of valuation, AAPL is currently trading at a forward P / E ratio of 26.9. This is a premium compared to the industry’s average forward P / E of 19.15.
Meanwhile, AAPL’s PEG ratio is currently 2.45. The PEG ratio is similar to the commonly used P / E ratio, but this measure also takes into account the expected growth rate of the company. Computer – Mini stocks hold an average PEG ratio of 1.81 based on yesterday’s closing prices.
The computer industry for mini-computers is part of the computer and technology sector. This industry currently has a Zacks Industry Rank of 114, which ranks in the top 45% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries are better than the bottom half by a factor of 2 to 1.
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