With Worries Abated, Apple (AAPL) Works Higher into iPhone 7 - RBC
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Apple (AAPL) Estimates Lifted at Credit Suisse
July 27, 2016 7:57 AM EDTCredit Suisse analyst K. Garcha reiterated an Outperform rating and $150 price target on Apple (NASDAQ: AAPL) while bumping estimates higher.
Garcha commented, "Apple reported F3Q16 slightly better than expected results with revenues of $42.4bn (-16.2% qoq/-14.6% yoy) and EPS of $1.42 vs.... More
Apple (AAPL): The Worst is Behind Us - Needham & Company
July 27, 2016 6:58 AM EDTNeedham & Company analyst Laura Martin reiterated a Strong Buy rating and $150 price target on Apple (NASDAQ: AAPL) following Q3 results, proclaiming 'the worst is behind us'.
Martin commented, "AAPL reported FY3Q16 revenue of $42.358B (down 15% y/y), and EPS of $1.42 (down 23% y/y). Both were in line with our estimates. AAPLs fundamentals momentum should improve in FY4Q16 owing to the introduction of the iPhone 7, plus $400mm (our estimate) of Pokemon Go revenue at 100% margins, which we believe will allow faster EPS growth than guidance. AAPLs FY1Q17 should benefit from... More
Clear iPhone Inventory Tees Up Apple's (AAPL) 2nd-Half - Nomura
July 27, 2016 6:45 AM EDTNomura Securities analyst Jeffrey Kvaal reiterated a Buy rating and $120 price target on Apple (NASDAQ: AAPL) following better than feared Q3 results. The analyst said the inventory clearance tees up 2H16.
Kvaal commetned, "iPhone demand was evidently never as bad as Apple feared; F3Q shipments were slightly better... More
Apple (AAPL) PT Bumped to $115 at Macquarie Following Better-than-Expected Qtr, Outlook
July 27, 2016 6:23 AM EDTMacquarie analyst Ben Schachter affirmed his Outperform rating and bumped his price target on Apple (NASDAQ: AAPL) to $115.00 (from $112.00) following better than expected results and guidance, driven by iPhone and Services.
Schachter commented, "We continue to focus on Services, particularly Apps, as we think it is still underappreciated by investors. In fact, we believe that the Services line contributed approximately 28% of gross profits in the quarter. With App Store sales growth of 37% y/y... More
Toughest Two Quarters Now Behind Apple (AAPL) - Mizuho
July 27, 2016 6:19 AM EDTMizuho Securities analyst Abhey Lamba reiterated a Buy rating and $120 price target on Apple (NASDAQ: AAPL) following in-line F3Q revenues while EPS was modestly better.
Lamba commented, "iPhone units were in-line with consensus while ASP was lower due to inventory... More
Apple (AAPL) Tops Q3 EPS by 4c; Issues Solid Outlook
July 26, 2016 4:31 PM EDTApple (NASDAQ: AAPL) reported Q3 EPS of $1.42, $0.04 better than the analyst estimate of $1.38. Revenue for the quarter came in at $42.4 billion versus the consensus estimate of $42.09 billion.
The company sold 40.399 million iPhones in the quarter versus the consensus of 40 million. The company sold 9.95... More
