Apple (AAPL) Gains But Lags Market: What You Should Know

$Apple(AAPL.US)$ closed at $179.38 in the latest trading session, marking a +0.05% move from the prior day. The stock lagged the S&P 500's daily gain of 0.14%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, lost 0.33%.

Prior to today's trading, shares of the maker of iPhones, iPads and other products had gained 8.46% over the past month. This has outpaced the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 4.32% in that time.

Investors will be hoping for strength from $Apple(AAPL.US)$ as it approaches its next earnings release. In that report, analysts expect $Apple(AAPL.US)$ to post earnings of $1.89 per share. This would mark year-over-year growth of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $118.36 billion, up 6.21% from the year-ago period.

$Apple(AAPL.US)$ full-year Zacks Consensus Estimates are calling for earnings of $5.82 per share and revenue of $385.33 billion. These results would represent year-over-year changes of +3.74% and +5.33%, respectively.

It is also important to note the recent changes to analyst estimates for $Apple(AAPL.US)$ . These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.