Apple closed the latest session at $333.69, up 1.02% and ahead of the S&P 500's 0.73% gain, while the Dow added 0.49% and the Nasdaq rose 1.19%. Ahead of its upcoming earnings disclosure, Apple is projected to report earnings of $1.99 per share, representing year-over-year growth of 7.57%, on revenue of $112.84 billion, a 10.12% increase from the prior-year quarter. For the full year, the Zacks Consensus Estimates call for earnings of $8.85 per share and revenue of $477.45 billion, year-over-year changes of +18.63% and +14.73% respectively. Over the past month the Zacks Consensus EPS estimate has fallen 0.2%, and Apple currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E of 34.63, a premium to its industry's 20.76, with a PEG ratio of 2.63 versus the Computer - Micro Computers industry average of 1.67.
Apple Inc.Apple is projected to report earnings of $1.99 per share (+7.57% YoY) on revenue of $112.84B (+10.12%), with full-year estimates showing strong growth.
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