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
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.
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.