Zacks Research Predicts Apple’s Q3 Earnings (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) – Stock analysts at Zacks Research decreased their Q3 2025 EPS estimates for shares of Apple in a research report issued to clients and investors on Thursday, May 22nd. Zacks Research analyst A. Ganguly now expects that the iPhone maker will post earnings per share of $1.41 for the quarter, down from their previous forecast of $1.47. The consensus estimate for Apple’s current full-year earnings is $7.28 per share. Zacks Research also issued estimates for Apple’s Q4 2025 earnings at $1.59 EPS, FY2025 earnings at $7.05 EPS, Q1 2026 earnings at $2.30 EPS, Q2 2026 earnings at $1.70 EPS, Q3 2026 earnings at $1.71 EPS, Q4 2026 earnings at $1.87 EPS, Q1 2027 earnings at $2.42 EPS, Q2 2027 earnings at $2.06 EPS and FY2027 earnings at $8.70 EPS.

A number of other research analysts have also recently commented on the company. Maxim Group increased their target price on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. TD Cowen reduced their price objective on Apple from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Evercore ISI raised their price objective on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. DA Davidson upped their target price on Apple from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Raymond James lowered their price objective on shares of Apple from $250.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.80.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $195.27 on Friday. The company’s fifty day moving average price is $205.04 and its 200-day moving average price is $225.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.44 and a beta of 1.27. Apple has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the prior year, the company earned $1.53 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year.

Hedge Funds Weigh In On Apple

A number of hedge funds have recently bought and sold shares of AAPL. Tokio Marine Asset Management Co. Ltd. raised its position in Apple by 4.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 540,710 shares of the iPhone maker’s stock worth $125,985,000 after buying an additional 22,955 shares during the last quarter. Lummis Asset Management LP lifted its position in Apple by 6.3% during the third quarter. Lummis Asset Management LP now owns 41,518 shares of the iPhone maker’s stock valued at $9,674,000 after purchasing an additional 2,447 shares during the period. Intelligence Driven Advisers LLC boosted its holdings in Apple by 2.4% in the third quarter. Intelligence Driven Advisers LLC now owns 72,547 shares of the iPhone maker’s stock worth $16,904,000 after purchasing an additional 1,734 shares during the last quarter. International Private Wealth Advisors LLC boosted its holdings in Apple by 279.8% in the third quarter. International Private Wealth Advisors LLC now owns 13,429 shares of the iPhone maker’s stock worth $3,129,000 after purchasing an additional 9,893 shares during the last quarter. Finally, Palo Alto Wealth Advisors LLC grew its position in Apple by 72.4% in the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 34,136 shares of the iPhone maker’s stock worth $8,072,000 after purchasing an additional 14,337 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. The trade was a 3.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer now owns 4,569 shares of the company’s stock, valued at $941,214. The trade was a 50.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,507 shares of company stock valued at $42,694,080 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a dividend of $0.26 per share. This is a boost from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, May 12th. Apple’s dividend payout ratio (DPR) is 16.20%.

Apple declared that its board has initiated a share buyback program on Thursday, May 1st that permits the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.