Apple (AAPL) Estimates Trimmed at Canaccord Genuity, 'Buy' Maintained
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Apple (AAPL) 2014 Estimates Raised at Needham & Company
October 29, 2013 12:42 PM EDTNeedham & Company analyst Charlie Wolf reiterated a Buy rating and $595 price target on Apple (NASDAQ: AAPL) following solid Q3 results. The firm also raised FY 2014 estimates.
"Apple reported fourth quarter earnings of $8.26 on revenues of $37.5 billion, nominally higher than the guidance the company provided a month ago," Wolf notes. "On the prospect of stronger than previously anticipated iPhone sales, were raising our 2014 earnings estimate from $42.00 to $45.60."
The analyst also highlighted:
With the change in its guidance format, Apples earnings and revenues are more closely tracking its... More
Few Surprises in Apple's (AAPL) Q4 Report - Nomura
October 29, 2013 8:26 AM EDTNomura Securities analyst Stuart Jeffrey bumped estimates and his price target on Apple (NASDAQ: AAPL) from $510 to $519 following Q4 results but maintained a Neutral rating.
"Apple's Q4 results offered few surprises after the recent positive preannouncement," Jeffrey notes. "Revenue grew 4% yoy,... More
Apple (AAPL) Delivers a Strong 4Q Print - Cantor Fitzgerald
October 29, 2013 7:56 AM EDTCantor Fitzgerald analyst Brian White reiterated a Buy rating and $777 price target on Apple (NASDAQ: AAPL) following Q4 results.
In summary, White said: " Tonight, Apple reported strong 4Q:FY13 results and offered up a healthy 1Q:FY14 outlook. At first, there were concerns on the call regarding the margin outlook; however, the... More
Apple (AAPL) Valuation Range Raised at Wells Fargo Post Q4
October 29, 2013 7:51 AM EDTWells Fargo analyst Maynard Um reiterated an Outperform rating on Apple (NASDAQ: AAPL) post Q4 and bumped his valuation range to $536.00 to $581.00 from $525.00 to $575.00.
Summarizing the results, Um said: "Q4 revenues and non GAAP EPS of $37.5B/$8.26 were above our and consensus expectations of $36.8B/$7.96. Gross margins of 37.0% were 7bps better than our estimates. Strong iPhone demand from developing markets as well as the U.S. helped drive results. Demand for all iPhone models grew with the 4S positioned as the entry level offering. AAPL guided FQ1 2014 revenues between $55-58B (Wells Fargo:... More
Deutsche Bank Keeps Status Quo on Apple (AAPL) Post Q4
October 29, 2013 7:44 AM EDTDeutsche Bank analyst Chris Whitmore reiterated a Buy rating and $575 price target on Apple (NASDAQ: AAPL) following Q3 results.
Whitmore weighs in: "AAPL reported revs of $37.5B and EPS of $8.26 which beat expectation (vs. DB at $36.9B/$8.02; Street at $36.8B/$7.93).... More
Apple (AAPL) Target, Estimates Ratcheted Higher at Goldman Sachs
October 29, 2013 7:29 AM EDTGoldman Sachs analyst Bill Shope reiterated a Buy, raised estimates and raised his price target on Apple (NASDAQ: AAPL) from $560 to $620 following solid Q4 results. The analyst said estimates continue to rebound and so should the stock.
Shope weighs in: "Apple reported upside to its preannounced results with revenues of $37.47 billion slightly ahead of our estimate of $37.10 billion and... More
Apple (AAPL) Delivers 'Beat-and-Raise' Qtr - Susquehanna
October 29, 2013 6:59 AM EDTSusquehanna analyst Chris Caso reiterated his Positive rating and $625 price target on Apple (NASDAQ: AAPL) following better-than-expected Q4 results.
"AAPL delivered a beat-and-raise quarter excluding the effect of an accounting treatment change," Caso said. "September results were above the high end of their preannouncement, and... More
Lazard Capital Boosts PT on Apple (AAPL) to $610; 'Storage' Thesis Still Intact
October 29, 2013 6:55 AM EDTLazard Capital raises its price target on Apple (Nasdaq: AAPL) from $570 to $610 and maintains a Buy rating following solid Q4 results issued Monday night.
Analyst Edward Parker commented, As noted last month, the iPhone 5S is being received well and should arrest the negative... More
Apple (AAPL) PT Lifted to $600 at BMO Capital on 'Very Strong' Q4
October 29, 2013 6:49 AM EDTBMO Capital analyst Keith Bachman boosted his price target on Outperform-rated Apple (NASDAQ: AAPL) from $508 to $600 following "very strong September Q and December Q guide, especially after normalizing the financial representation."
On Apple's outlook, Bachman notes: "We had projected December Q revenue to be... More
Baird Upgrades Apple (AAPL) to Outperform
October 29, 2013 6:33 AM EDTBaird upgraded Apple (NASDAQ: AAPL) from Neutral to Outperform.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $529.88 yesterday, with a 52 week range of $385.10-$606.50.... More
Apple (AAPL) Tops Q4 EPS by 34c; Guides Q1 Revs; Sold 33.8M iPhones
October 28, 2013 4:30 PM EDT(Updated - October 28, 2013 4:34 PM EDT)
Apple, Inc. (NAasdaq: AAPL) reported Q4 EPS of $8.26, $0.34 better than the analyst estimate of $7.92. Revenue for the quarter came in at $37.5 billion versus the consensus estimate of $36.84 billion.
The Company sold 33.8 million iPhones, a record for the September quarter, compared to 26.9 million in the year-ago quarter. Apple also sold... More
