We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends. It is also important to note the recent changes to analyst estimates for Apple. These totals would mark changes of -1.96% and -2.53%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.99 per share and revenue of $384.34 billion. Our most recent consensus estimate is calling for quarterly revenue of $81.17 billion, down 2.16% from the year-ago period. The company is expected to report EPS of $1.18, down 1.67% from the prior-year quarter. Wall Street will be looking for positivity from Apple as it approaches its next earnings report date. Heading into today, shares of the maker of iPhones, iPads and other products had gained 2.46% over the past month, lagging the Computer and Technology sector's gain of 9.07% and the S&P 500's gain of 3.44% in that time. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 5.66%. This move outpaced the S&P 500's daily gain of 0.62%. ![]() Apple (AAPL) closed the most recent trading day at $180.57, moving +1.55% from the previous trading session.
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