Apple Inc (NASDAQ: AAPL) has reported earnings for its fourth fiscal quarter (ending September 30) of $0.97 versus $1.47 for the same period a year ago — a decline of -34%. For the latest four quarters through September 30, E.P.S. were $6.11 versus $6.16 for the same period a year ago — a decline of -1%.
Recent Price Action
Apple Inc (NASDAQ: AAPL) stock declined modestly by -1.8% on 10/31/24. The stock closed at $225.91. Moreover, trading volume in this decline was above average at 126% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.1% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Apple has a neutral Appreciation Score of 47 but a very high Power Rating of 88, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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