Apple (AAPL) closed lower than market, set to report earnings with positive growth expectations.

In the latest trading session, Apple (AAPL) closed at $209.95, down 1.69% from the previous day, underperforming the S&P 500, Dow, and Nasdaq. Shares have risen 4.72% in the past month, lagging behind the sector’s gain. Apple is set to report earnings on July 31, with estimates predicting growth in EPS and revenue.

Analysts expect Apple to post an EPS of $1.42 and revenue of $88.29 billion for the upcoming quarter, showing positive growth. Recent revisions in analyst estimates can affect stock performance. Apple currently holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 30.02.

Investors should note that Apple’s PEG ratio is 2.38, indicating a premium stock valuation. The Computer – Micro Computers industry has an average PEG ratio of 1.58. The industry ranks in the top 20% of all sectors, with the top-rated industries outperforming the bottom half by 2 to 1. Use Zacks.com for stock metrics tracking.

Zacks offers a $1 trial for access to all stock picks, including Surprise Trader, Stocks Under $10, and more. Thousands have taken advantage of this offer. Zacks provides insights and recommendations for investors. Follow the link for more information and to download 7 Best Stocks for the Next 30 Days.

Read more at Nasdaq.: Apple (AAPL) Sees a More Significant Dip Than Broader Market: Some Facts to Know