From Nasdaq:

1. Apple (AAPL) shares close at $184.25, with S&P 500 down by 0.8%. Prior to trade, Apple lost 4.02% in one month, lagging behind the Computer and Technology sector’s gain of 2.11% and the S&P 500’s gain of 3.4% during the same time.

2. Apple’s next earnings release is highly anticipated. With an estimated EPS of $2.08 and a revenue of $117.31 billion, Apple is expected to see a 10.64% increase in EPS and a 0.13% rise in revenue from the same quarter last year, as per Zacks Consensus Estimates.

3. Apple would be beneficial for investors to monitor any recent shifts in analyst projections, as estimate changes are directly correlated with near-term stock prices. Capitalize on this with Zacks Rank, which uses estimate changes and offers a practical rating system. Apple is currently a Zacks Rank #3 (Hold).

4. From a valuation view, Apple stands with a Forward P/E ratio of 28.29, a premium to the industry’s average Forward P/E of 20.82. The PEG ratio stands at 2.56, with the Computer – Mini computers industry having an average PEG ratio of 2.56 as trading concluded yesterday.

5. Apple’s upcoming earnings release is of great interest to investors. Based on Zacks Consensus Estimates, Apple is expected to reach earnings of $6.56 per share and revenue of $393.42 billion, signifying shifts of +7.01% and +2.65%, respectively.

6. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. Zacks Names #1 Semiconductor Stock with strong earnings growth and an expanding customer base positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things.



Read more: Apple (AAPL) Stock Moves -0.75%: What You Should Know