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Thursday, January 26, 2023

AAPL Will Post A $77.39 Billion Quarterly Sales Sum

Several stock analysts from Wall Street have already predicted that the stocks of AAPL will be reporting a sales sum of $77.39 billion for this quarter. According to a report, eight of the investment analysts have already provided estimates into the earnings of the company. The highest estimate for sales recorded is $82.91 billion, with the lowest estimate set at $74.72 billion.

The sales reported by the company were $58.31 for the previous year, which is indicative of an annual growth rate of around 32.7%. AAPL will be putting up its next quarterly report on the 28th of April. 

The Quarterly Estimates Of AAPL

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The stocks of AAPL did publish their previously quarterly data on the 26th of January. The maker of iPhones reported an EPS of $1.68 for this quarter, which was more than the consensus estimate set at $1.41. The net margin of the company is 20.91% with a 75.15% return on equity. The revenue earned by the company was $111.40 billion, which was more than the consensus estimate of $103.24 billion. 

There have been quite a few research equities that have commented on the stocks of AAPL. Evercore ISI has already increased the price target of the company from a sum of $163 to $175 with a rating of “outperform” in a 22nd March research report.

Sanford C. Bernstein also put up a rating of neutral with a price target of $132 in an 8th March research report. UBS Group has also set a target price of $142 with a rating of buy. Deutsche Bank has followed the same trend and set up a price target of $160 in a 15th February research report. 

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Two of the investment analysts have already given the stocks of AAPL a rating of sell, while nine of them put up a rating of hold. Twenty-eight other analysts have given the company a rating of buy. The company currently has a buy rating with a $136.75 price target. 

The stocks of AAPL traded on Wednesday at $134.43. The moving average price of the company over 50 days is $123.30, with the moving average price of the company over 200 days set at $124.19. 

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