Apple stock price rose 1.68%, outperforming market indices, with positive analyst adjustments

From Nasdaq: 2024-07-15 17:45:17

Apple (AAPL) closed at $234.41, up 1.68% from the previous day, outperforming the S&P 500, with gains in the Dow and Nasdaq. Stock rose by 8.49% over the past month, exceeding sector and S&P 500 gains.

Apple’s upcoming earnings report, expected on August 1, 2024, anticipates an EPS of $1.33 and revenue of $83.75 billion. Analysts have made positive adjustments, showing confidence in the company’s performance and profit potential, with a Zacks Rank of #2 (Buy).

With a Forward P/E ratio of 34.98, AAPL holds a premium compared to its industry average. The PEG ratio of 2.8 and Zacks Industry Rank of 19 for the Computer – Mini computers sector indicate strength. Utilize Zacks.com to track AAPL’s performance in upcoming sessions.



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