It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988.

This includes personalizing content and advertising. Meanwhile, AAPL's PEG ratio is currently 2.57.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. This maker of iPhones, iPads and other products has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports.

At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.37%.

Delayed quotes by Sungard. Visit www.zacksdata.com to get our data and content for your mobile app or website. Meanwhile, our latest consensus estimate is calling for revenue of $63.72 billion, down 0.51% from the prior-year quarter. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. See its 7 best stocks FREE. APPLE Income Statement, Balance Sheet and Statement of Cash Flows. The Computer - Mini computers was holding an average PEG ratio of 3.01 at yesterday's closing price. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Computer - Mini computers industry is part of the Computer and Technology sector. Meanwhile, the Dow gained 1.91%, and the Nasdaq, a tech-heavy index, added 1.88%. Should You Buy Stocks Going into This Earnings Season? In terms of valuation, AAPL is currently trading at a Forward P/E ratio of 35.24.

Delayed quotes by Sungard. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. This company, which is in the Zacks Computer - Mini computers industry, shows potential for another earnings beat. Investors should also note that AAPL has a PEG ratio of 3.01 right now. We use cookies to understand how you use our site and to improve your experience. AAPL will be looking to display strength as it nears its next earnings release. To learn more, click here. ZacksTrade and Zacks.com are separate companies. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Want the latest recommendations from Zacks Investment Research? APPLE Income Statement, Balance Sheet and Statement of Cash Flows. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Visit www.zacksdata.com to get our data and content for your mobile app or website.

How Traders Will Beat Wall Street this Earnings Season. Zacks Equity Research At the same time, the Dow added 1.2%, and the tech-heavy Nasdaq gained 0.74%. The Computer - Mini computers industry is part of the Computer and Technology sector. Why Amazon Won't Split Its Stock. How Traders Will Beat Wall Street this Earnings Season. Prior to today's trading, shares of the maker of iPhones, iPads and other products had gained 0.3% over the past month. Visit performance for information about the performance numbers displayed above.

These returns cover a period from January 1, 1988 through August 31, 2020. NASDAQ data is at least 15 minutes delayed. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. For 32 years, our Strong Buy list has averaged returns more than twice the market. Zacks Equity Research On that day, AAPL is projected to report earnings of $0.69 per share, which would represent a year-over-year decline of 9.21%. Valuation is also important, so investors should note that AAPL has a Forward P/E ratio of 33.09 right now. Zacks Ranks stocks can, and often do, change throughout the month. View Apple Inc AAPL investment & stock information. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. We developed the Zacks Rank to capitalize on this phenomenon.

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

For comparison, its industry has an average Forward P/E of 8.79, which means AAPL is trading at a premium to the group. Recent revisions tend to reflect the latest near-term business trends. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Within the past 30 days, our consensus EPS projection remained stagnant. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. Investors will be hoping for strength from AAPL as it approaches its next earnings release, which is expected to be October 29, 2020. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Privacy Policy | No cost, no obligation to buy anything ever.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. NYSE and AMEX data is at least 20 minutes delayed. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Top Analyst Reports for Mastercard, JPMorgan & Eli Lilly, Beyond Clean Energy: 5 Sector ETFs Soaring to Record Highs. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Privacy Policy | No cost, no obligation to buy anything ever. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. It is also important to note the recent changes to analyst estimates for AAPL. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Zacks Ranks stocks can, and often do, change throughout the month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. If you do not, click Cancel. Top Analyst Reports for Mastercard, JPMorgan & Eli Lilly, Beyond Clean Energy: 5 Sector ETFs Soaring to Record Highs. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. Top Analyst Reports for Mastercard, JPMorgan & Eli Lilly, Beyond Clean Energy: 5 Sector ETFs Soaring to Record Highs. Also, we should mention that AAPL has a PEG ratio of 3.2. For 32 years, our Strong Buy list has averaged returns more than twice the market. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain.

AAPL's full-year Zacks Consensus Estimates are calling for earnings of $3.24 per share and revenue of $273 billion. See its 7 best stocks FREE. If you do not, click Cancel. A recent pick, Maxar, skyrocketed +178.7% in 3 months. Delayed quotes by Sungard. If you wish to go to ZacksTrade, click OK.

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. NYSE and AMEX data is at least 20 minutes delayed. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The stock outpaced the S&P 500's daily gain of 0.3%.

A recent pick, Maxar, skyrocketed +178.7% in 3 months. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service.

The Zacks Consensus Estimate for the current year has improved by 25.9% over the last 30 days. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

But, a negative value is not indicative of a stock's earnings miss. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

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