Quite a few research analysts have expected that the stocks of AAPL would be reporting an EPS of $0.97 for the quarter. According to a report, eight of the investment analysts have already provided estimates into the earnings of the company, with the highest coming in at $1.05, and the lowest coming in at $0.78. The previous year saw the company post an EPS of $0.65, which indicates an annual growth rate of about 49.2%. The company will be putting up its next quarterly results on the 29th of July.
The Quarterly Estimates Of AAPL
AAPL put up their previous quarterly earnings on the 27th of April. The maker of iPhones reported an EPS of $1.40 for the quarter, which was more than the consensus estimate of $0.99. The revenue generated by the company over the period was $89.58 billion, which was also more than the consensus estimate of $76.84 billion. The net margin of the company was 20.91%, with a 75.15% return on equity.
There have been quite a few research equities that have commented on the stocks of AAPL. Cowen has already increased the price target of the company from $133 to $153 with a rating of “outperform” in a 22nd January research report. JPMorgan Chase & Co has also reiterated their rating of buy with a price target of $165 in a 5th May research report. Jefferies Financial has also increased the price target from $175 along with a rating of buy in a 5th May research report.
One of the investment analysts has given the company a rating of sell, while eight others have provided the company with a rating of hold. Close to twenty-six others have given the company a rating of buy. AAPL currently has a buy rating with a $148.57 price target.