For its second fiscal quarter (ending March 31), Apple Inc (NASDAQ: AAPL) has reported a 0% change in E.P.S. from $1.53 a year ago to $1.53 in the current quarter. This result fell short of the consensus estimate of $1.63 by $-0.10. For the latest four quarters through March 31, E.P.S. were $6.46 versus $5.91 for the same period a year ago — an increase of 9%.
Recent Price Action
On 5/2/24, Apple Inc (NASDAQ: AAPL) stock enjoyed a large increase of 2.2%, closing at $173.03. Moreover, above average trading volume at 137% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AAPL is expected to continue to be a major Value Builder.
Apple has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Apple has a neutral Appreciation Score of 54 and a neutral Power Rating of 42, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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