Zacks Research Has Positive Estimate for Apple Q1 Earnings

Apple Inc. (NASDAQ:AAPL) – Research analysts at Zacks Research upped their Q1 2025 earnings per share estimates for Apple in a note issued to investors on Thursday, November 21st. Zacks Research analyst A. Ganguly now forecasts that the iPhone maker will post earnings of $2.23 per share for the quarter, up from their previous estimate of $2.08. The consensus estimate for Apple’s current full-year earnings is $7.43 per share. Zacks Research also issued estimates for Apple’s Q3 2025 earnings at $1.54 EPS, Q4 2025 earnings at $1.79 EPS, FY2025 earnings at $7.24 EPS, Q1 2026 earnings at $2.26 EPS, Q2 2026 earnings at $1.96 EPS, Q3 2026 earnings at $1.96 EPS, Q4 2026 earnings at $2.17 EPS, FY2026 earnings at $8.36 EPS and FY2027 earnings at $10.40 EPS.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 EPS.

A number of other research firms have also recently commented on AAPL. New Street Research restated a “neutral” rating and issued a $225.00 target price on shares of Apple in a research note on Wednesday, September 25th. Bank of America restated a “buy” rating and set a $256.00 target price on shares of Apple in a research note on Thursday, October 3rd. Wedbush reiterated an “outperform” rating and issued a $285.00 price target on shares of Apple in a research note on Monday, September 9th. Oppenheimer reiterated a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Finally, Melius Research reissued a “buy” rating and issued a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $235.25.

Apple Stock Performance

NASDAQ:AAPL opened at $229.87 on Monday. The business has a 50 day moving average price of $227.73 and a 200-day moving average price of $218.30. Apple has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The firm has a market cap of $3.47 trillion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. State Street Corp lifted its stake in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. FMR LLC raised its position in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Geode Capital Management LLC boosted its stake in Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. grew its position in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by insiders.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 16.45%.

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.