Several brokerages from Wall Street have predicted that the stocks of AAPL will be posting a quarterly sum of $77.39 billion for this quarter. According to a report, eight of the analysts covering the firm have already provided estimates into the earnings of the company. The ball has been rolled at a sum of $82.91 billion, with the lowest coming in at $74.72 billion. The EPS reported by the company the previous year was $58.31 billion for the last year- which is indicative of an annual growth rate of about 32.7%. The company will be putting up its next quarterly sales report on the 29th of April.
The Quarterly Estimates Of AAPL
The stocks of AAPL did release their data on quarterly earnings on the 26th of January. The maker of iPhones reported an EPS of $1.68 for that quarter- which was more than the consensus sum of $1.41. The net margin of the company was 20.91%, while it also had a 75.15% return on its equity. The revenue earned by the company over the quarter was $111.40 billion, which was more than the consensus estimate of around $103.24 billion.
There have been quite a few research equities that have commented on the stocks of AAPL. Cowen has increased the price target of the company from $133 to $153, with a rating of “outperform” in a 22nd January research report. Wedbush has also put up a rating of “outperform” along with a price target of $175 in a 16th March research report. Raymond James has gone ahead and increased the price target of the company from $140 to $150 with a rating of “outperform” in a 25th January research report.
Two of the investment analysts have already given the company a rating of sell, while eleven of them have given it a rating of hold. Twenty-seven analysts have given the rating of buy. AAPL has a buy rating with a $133.98 price target.