Quite a few research analysts have already expected that the stocks of AAPL would be putting up an EPS of $0.83 for this quarter. According to a report from Zacks Investment Research, eight analysts have already given estimates into the earnings of the company. The EPS has been estimated from a range of $0.76 to a range of $0.90.
The EPS reported by the company during this period was $0.65, which indicates an annual growth rate of about 27.7%. The company will be putting up its next quarterly report on the 29th of July.
The Quarterly Estimates Of AAPL
AAPL previously updated its quarterly results on the 27th of April. The conglomerate had reported an EPS of $1.40 which is more than the consensus estimate of $0.99. The return on equity for the company was 75.15%, with a 20.91% net margin. The revenue generated by the company during this period was $89.58 billion, with the consensus estimate set at $76.84 billion.
There have been quite a few research equities that have commented on the stocks of AAPL. Monness Crespi & Hardt has already increased the price target of the company from $170 to $180 with a rating of buy in a Thursday research report. Canaccord Genuity has also increased the price rating of the company to buy with a price target of $165 in a Thursday research report. Loop Capital has also increased the price target to $155 with a rating of buy in a 15th January research report. Raymond James has also increased the price target to $186.50 with a rating of “outperform” in a Thursday research report.
One of the investment analysts covering the firm has given it a rating of sell, while ten others have given it a rating of hold. Twenty-seven others have given the company a rating of buy. Currently, AAPL has a buy rating with a $142.49 price target.
The stocks of AAPL traded on Thursday at $0.61. The moving price of the company over a period of 50 days has been set at $126.72, with a moving average price of the company over a period of 200 days set at $125.64.