In the latest trading session, Apple (AAPL) closed at $193.16, marking a -1.94% move from the previous day. The stock’s performance was ahead of the S&P 500’s daily loss of 2.36%. Elsewhere, the Dow lost 2.48%, while the tech-heavy Nasdaq lost 2.55%.

Prior to today’s trading, shares of the maker of iPhones, iPads and other products had lost 9.75% over the past month. This has lagged the Computer and Technology sector’s loss of 8.4% and the S&P 500’s loss of 5.6% in that time.

The investment community will be closely monitoring the performance of Apple in its forthcoming earnings report. The company is scheduled to release its earnings on May 1, 2025. On that day, Apple is projected to report earnings of $1.60 per share, which would represent year-over-year growth of 4.58%. In the meantime, our current consensus estimate forecasts the revenue to be $93.56 billion, indicating a 3.09% growth compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.18 per share and revenue of $403.49 billion. These totals would mark changes of +6.37% and +3.18%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Apple. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts’ confidence in the company’s business performance and profit potential.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.12% lower. Apple currently has a Zacks Rank of #3 (Hold).

With respect to valuation, Apple is currently being traded at a Forward P/E ratio of 27.43. This valuation marks a premium compared to its industry’s average Forward P/E of 8.79.

It’s also important to note that AAPL currently trades at a PEG ratio of 2.08. 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. As the market closed yesterday, the Computer – Micro Computers industry was having an average PEG ratio of 1.43.