From Nasdaq: 2024-05-17 09:00:16

Apple (AAPL) stock has seen a 13.7% increase over the past month, outperforming the Zacks S&P 500 composite by 8.7%. Analysts expect earnings of $1.33 per share for the current quarter, a 5.6% increase from last year. The consensus earnings estimate for the current fiscal year is $6.57, a 7.2% increase.

Looking ahead, the consensus earnings estimate for the next fiscal year is $7.20, up 9.6% from the previous year. Zacks Rank rates Apple as a #3 (Hold), with a D grade on valuation metrics, indicating the stock is trading at a premium to its peers.

Research Chief has revealed a “Single Best Pick to Double” in the stock market. With one exceptional stock targeted for explosive growth, investors could see significant returns. Another company targeting younger audiences has generated $1 billion in revenue, making it an ideal investment opportunity. See top stock recommendations for free.



Read more at Nasdaq: Apple Inc. (AAPL) is Attracting Investor Attention: Here is What You Should Know