Quite a few research analysts have already predicted that the stocks of AAPL will be announcing a sales sum of $68.33 billion for the current quarter. According to a report, eight of the analysts have already given estimates into the earnings of the company. The ball has been rolled at a sum of $67.48 billion, with the highest coming in at $69.87 billion. The company did post a sales sum of $59.69 billion from the previous year which indicates an annual growth rate of 14.5%. The company will be publishing its next quarterly results on the 29th of July.
The Quarterly Estimate Of AAPL
AAPL did publish its previous quarterly report on the 27th of April. The conglomerate had reported an EPS of $1.40 for the quarter, which was more than the consensus estimate put forward by Zacks at $0.99. The net margin of the company is 20.91%, with a 75.15% return on equity. The revenue generated by the company during this period was $89.58 billion, with the consensus estimate coming in at $76.84 billion.
There have been quite a few research equities that have commented on the stocks of AAPL. JPMorgan Chase & Co has already increased the price target from $150 to $165 with a rating of overweight in a Thursday research report. UBS Group has also increased the price target of the company from $142 to $155 with a rating of buy in a Thursday research report. Loop Capital has also increased the price target from $131 to $155 with a buy rating in a 15th January research report. Jefferies Financial Group has also increased the price target from $160 to $175 with a rating of buy in a Thursday research report.
One of the investment analysts has already issued the company a rating of sell, while ten others have given the company a rating of hold. Close to twenty-seven others have given the company a rating of buy. Currently, AAPL has a buy rating with a price target of $142.49.