Zacks Research Issues Optimistic Outlook for Apple Earnings

Apple Inc. (NASDAQ:AAPLFree Report) – Zacks Research upped their Q2 2026 earnings per share (EPS) estimates for shares of Apple in a research note issued on Monday, October 13th. Zacks Research analyst Team now expects that the iPhone maker will post earnings per share of $1.72 for the quarter, up from their previous forecast of $1.71. The consensus estimate for Apple’s current full-year earnings is $7.28 per share. Zacks Research also issued estimates for Apple’s Q1 2027 earnings at $2.24 EPS, Q2 2027 earnings at $1.90 EPS, Q4 2027 earnings at $2.01 EPS and FY2027 earnings at $8.02 EPS.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS.

A number of other equities analysts have also recently commented on the company. Melius Research set a $290.00 price target on Apple and gave the stock a “buy” rating in a report on Wednesday, September 10th. Barclays lifted their price target on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Apple in a report on Wednesday, October 8th. Sanford C. Bernstein initiated coverage on Apple in a report on Monday, September 15th. They set an “outperform” rating and a $290.00 price target for the company. Finally, DA Davidson reiterated a “neutral” rating and set a $250.00 price target on shares of Apple in a report on Thursday, September 11th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $248.29.

View Our Latest Stock Report on AAPL

Apple Price Performance

Shares of NASDAQ AAPL opened at $247.77 on Tuesday. Apple has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $3.68 trillion, a price-to-earnings ratio of 37.60, a PEG ratio of 2.41 and a beta of 1.09. The business has a 50-day moving average of $239.39 and a 200-day moving average of $216.26.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s payout ratio is currently 15.78%.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 254,922 shares of company stock worth $64,320,190 over the last quarter. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

Several institutional investors have recently made changes to their positions in the stock. Apeiron RIA LLC boosted its stake in shares of Apple by 32.7% in the third quarter. Apeiron RIA LLC now owns 15,913 shares of the iPhone maker’s stock valued at $3,973,000 after buying an additional 3,925 shares during the period. Able Wealth Management LLC raised its position in Apple by 9.9% during the third quarter. Able Wealth Management LLC now owns 14,019 shares of the iPhone maker’s stock valued at $3,570,000 after purchasing an additional 1,264 shares in the last quarter. High Probability Advisors LLC raised its position in Apple by 10.7% during the third quarter. High Probability Advisors LLC now owns 4,986 shares of the iPhone maker’s stock valued at $1,270,000 after purchasing an additional 482 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Apple by 9.9% during the third quarter. Revolve Wealth Partners LLC now owns 74,815 shares of the iPhone maker’s stock valued at $19,050,000 after purchasing an additional 6,734 shares in the last quarter. Finally, Voisard Asset Management Group Inc. raised its position in Apple by 3.4% during the third quarter. Voisard Asset Management Group Inc. now owns 9,722 shares of the iPhone maker’s stock valued at $2,475,000 after purchasing an additional 319 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Company Profile

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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.

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Earnings History and Estimates for Apple (NASDAQ:AAPL)

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