In the latest trading session, Apple (AAPL) closed at $333.26, marking a +1.76% move from the previous day. This change outpaced the S&P 500's 0.51% loss on the day. Meanwhile, the Dow experienced a drop of 0.2%, and the technology-dominated Nasdaq saw a decrease of 1.47%.
Prior to today's trading, shares of the maker of iPhones, iPads and other products had gained 10.66% outpaced the Computer and Technology sector's loss of 2.99% and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Apple in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 30, 2026. The company is forecasted to report an EPS of $1.88, showcasing a 19.75% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $108.79 billion, up 15.69% from the year-ago period.
AAPL's full-year Zacks Consensus Estimates are calling for earnings of $8.76 per share and revenue of $479.03 billion. These results would represent year-over-year changes of +17.43% and +15.11%, respectively.
Investors might also notice recent changes to analyst estimates for Apple. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. Apple currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Apple is currently trading at a Forward P/E ratio of 37.39. This indicates a premium in contrast to its industry's Forward P/E of 21.98.
Meanwhile, AAPL's PEG ratio is currently 2.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Computer - Micro Computers industry stood at 2.84 at the close of the market yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 18, this industry ranks in the top 8% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Apple Inc. (AAPL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).