Apple Stock News
For the latest Apple Stock News, AAPL closed at $115.82 on Friday, December 30, 2016 with a 0.00% loss, or $0.00 from its previous close of $115.82 per share.
This upcoming quarterly earnings report is set to be released on January 24, 2017. Analysts are estimating where AAPL will stand this quarter with 36 analysts predicting an average earnings estimate of $3.23 per share. The estimation low earnings estimate stands at $3.11 per share and the high is at $3.77 per share. As for revenue, 35 analysts estimate that the average revenue for Q4 will be about $77.4 billion. Growth estimates are also positive for AAPL as analysts believe the company will grow 12.6% for Q4 and within the next 5 years, analysts estimate that Apple will grow 8.7% per year. Current ratings on AAPL show 12 analysts giving AAPL a strong buy rating, 26 analysts have given the stock a buy rating, 7 rate AAPL with a hold rating and one as a sell rating with no analysts rating AAPL as underperform.
There is more good news for AAPL as the stock is trading well above its 50-day moving average as well as its 200-day moving average, which shoes its bullish stance in the market. This also means that the golden cross attained by the stock in August will continue to be upheld.
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