From Nasdaq: 2024-03-29 09:00:18

Apple (AAPL) stock performance has been in focus on Zacks.com. With a -5.1% return in the past month, the stock belongs to the Zacks Computer – Mini computers industry, which has lost 5.4% in the same period. Earnings estimates for the current and next fiscal year for Apple show changes of -1.3% and +6.9%, respectively.

Zacks prioritizes earnings estimate revisions to determine a stock’s fair value. The Zacks Rank #3 (Hold) for Apple reflects recent changes in consensus estimates. Revenue estimates for Apple indicate changes of -4.7% for the current quarter, +0.6% for the current fiscal year, and +5% for the next fiscal year. The company’s last reported results show a year-over-year revenue growth of +2.1%.

Zacks Value Style Score grades Apple as D, indicating a premium to its peers. The stock may perform in line with the broader market in the near term. To capitalize on the increasing demand for oil, check out Zacks’ special report on 4 oil and gas stocks poised for growth in the coming weeks and months. Download the report for more insights.



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