In the most recent trading session, Apple (AAPL) stock ends at $130.15, up 0.39% from the previous day. This move outperforms the S&P 500’s 0.54% daily loss. Stocks of the iPhone, iPad and other product manufacturers rise 3.84% during the previous month, trailing the Computer and Technology sector’s gain of 6.51% but beating the S&P 500’s gain of 1.91%.
As the company approaches its next earnings report, AAPL will be seeking to show strength. The firm is projected to generate $0.99 in earnings per share, up 52.31% from the previous quarter. Meanwhile, the sale is expected to be $72.75 billion, up 21.88% from the previous quarter, according to the latest estimate. Analysts predict $5.17 per stock profit and $355.55 billion in sales. These figures represent increases of 57.62% and 29.52%, respectively, over the previous year.
Analyst estimates for AAPL have recently changed, something investors should be aware of. These modifications usually reflect the most recent short-term business trends, which are subject to change on a regular basis. As a consequence, positive estimate revisions might be interpreted as a positive indication for the company’s business prospects.