From Nasdaq: 2024-11-05 09:00:15

Apple (AAPL) stock performance is closely monitored by Zacks.com visitors. The stock has returned +0.1% over the past month, compared to the Zacks S&P 500 composite’s -0.5% change. Analysts expect Apple to post earnings of $2.34 per share for the current quarter, with a year-over-year change of +7.3%.

The Zacks Rank for Apple is currently #3 (Hold), based on recent earnings estimate revisions. The consensus sales estimate for the current quarter is $127.28 billion, indicating a year-over-year change of +6.4%. Apple reported revenues of $94.93 billion in the last quarter, with a year-over-year change of +6.1%.

Apple’s valuation metrics suggest it is trading at a premium to its peers, with a Zacks Value Style Score of D. Despite recent performance, Zacks Research Chief has named a top stock pick with potential for significant growth, targeting millennial and Gen Z audiences with nearly $1 billion in revenue last quarter.

This top stock pick has the potential to double in value, presenting an opportunity for investors to capitalize on its explosive upside. Interested investors can access more information and recommendations from Zacks Investment Research.



Read more at Nasdaq: Here is What to Know Beyond Why Apple Inc. (AAPL) is a Trending Stock