Apple Stock Underperforms as Q4 Earnings Expected to Decline Though Full-Year Growth Forecast
• Apple (AAPL) stock has fallen 0.67% recently, underperforming the S&P 500, Dow, and Nasdaq • Apple is predicted to post Q4 EPS of $1.50, down 1.32%, on revenue of $90.38B, down 4.7% YoY • For the full year, Apple is forecast to deliver EPS growth of 6.85% on 0.58% higher revenue • Apple has a Forward P/E ratio of 26.09 vs industry average of 14.02, signaling it trades at a premium • The Computer - Mini computers industry ranks in the bottom 14% of Zacks Industries, underperforming the market by a factor of 2 to 1