Apple's Earnings Beat Expectations but Shares Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2026
0mins
Source: CNBC
- Apple's Strong Performance: Apple reported a fiscal first-quarter earnings per share of $2.84, exceeding the $2.67 expected by analysts, with revenue hitting $143.76 billion, significantly above the $138.48 billion forecast, driven by robust sales of the iPhone 17 models, despite a 1.3% drop in share price.
- Metals Miners Decline: Shares of Newmont and Freeport-McMoRan fell 9.6% and 7.6%, respectively, primarily due to a decline in gold and silver prices, reflecting market concerns over metal demand, which could impact future investment decisions.
- Chevron's Earnings Beat: Chevron's fourth-quarter adjusted earnings reached $1.52 per share, surpassing the $1.45 consensus from analysts, bolstered by record oil production, leading to a share price increase of over 1%, indicating strong performance in the oil market.
- Deckers' Positive Outlook: Deckers Outdoor's 2026 outlook projects earnings per share between $6.80 and $6.85, with revenue expectations of $5.4 billion to $5.43 billion, both exceeding market expectations, resulting in a 16.1% surge in share price.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEM is 110.85 USD with a low forecast of 89.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 108.530
Low
89.00
Averages
110.85
High
125.00
Current: 108.530
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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Bitcoin's Winter Meltdown: Bitcoin continues to experience significant downturns, contributing to a challenging environment for cryptocurrency investors.
Dollar's Ongoing Malaise: The U.S. dollar is facing persistent weakness, impacting global trade and investment strategies.
Memification of Precious Metals: Precious metals are becoming increasingly popular in meme culture, indicating a shift in how these assets are perceived and traded.
See More
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- Investment Structure Differences: The Sprott Gold Miners ETF (SGDM) focuses on 40 gold mining companies, while the SPDR Gold ETF (GLD) directly tracks the price of physical gold, resulting in significant differences in risk, returns, and trading characteristics that affect investor choices.
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- Plummeting Gold and Silver Prices: Gold prices fell from $5,419.80 per ounce on January 28 to $4,660 by Monday, while silver prices dropped from $116.58 to $79.21, currently at $74.89, directly impacting Newmont's profitability.
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