Apple (AAPL) Increases Yet Falls Behind Market: What Investors Need to Know

From Nasdaq:

Apple (AAPL) closed at $193.19, marking a +0.07% move from the prior day, less than the S&P 500’s daily gain of 0.14%. The company’s stock has risen by 1.39% in the past month, but lags behind the Computer and Technology sector’s gain of 4.87% and the S&P 500’s gain of 4.89%.

Analysts are projecting Apple’s upcoming EPS at $2.08, a 10.64% increase compared to the same quarter of the previous year, with projected revenue of $117.31 billion. Analysts’ positivity towards the company’s business operations and stock moves have resulted in a Zacks Rank of #3 (Hold).

Apple’s forward P/E ratio of 29.42 is a premium compared to the average Forward P/E of 12.72 of its industry. It currently has a PEG ratio of 2.67, higher than the industry’s average ratio.

Zacks Rank #1 Strong Buys inclundes 7 elite stocks, which have beaten the market more than 2X over with an average gain of +24.0% per year. Get the full list for free.



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