wall street waits results, maybe not dreamy, but clearly juicy in its fourth quarter and fiscal year end for Apple. Specifically, the forecasts suggest that revenues will grow to 84,800 million euros, with an expected rebound of 31% and that your earnings per share will rise 68% to $ 1.23 per share.
Their significant weighting in US indices also draws attention to what these accounts can do for the overall US equity market. At the moment, in that waiting compass we see that in its quotation graph the value gains 1.5% in the last five sessions, just over 1% is what it earns in a month, with a quarter without changes and a 10.6% semi-annual advance on Wall Street. ANDn so far this year Apple earns 12%.
While analysts go further waiting, that even, it is without a doubt the latest stock market craze, the figures, not only meet expectations, but also clearly beat them.
For instance, from Morgan Stanley its principal analyst Katy Huberty highlights that there will be improvement, specially driven by strong demand for Iphone13 and for superior performance in your service industry. Although he also considers that his guides, as is happening lately, prevail, especially, especially for a Christmas season that is considered complicated. And it is that the fourth quarter of the year will be the true thermometer of the sales of its iconic smartphone.
And all this despite the fact that he does not expect formal guides from the company. And he’s optimistic about the numbers Apple releases despite supply chain woes. Even with the improvement of the estimates and especially also for the sum of iPad and its Macs on the market. Even hope that your earnings per share is higher than $ 1.31 per share, to $ 5.69 annual profit per share, above the consensus of $ 5.57.
He also downplays the iPhone production deficits that he considers exaggerated despite the company’s dependence on its suppliers, Texas Instrument and Broadcom, of which we have already spoken on other occasions, and it expects sales to reach 238.5 million units.
Regarding recommendations from Morgan Stanley overweight market value with a target price of up to $ 168 a share. While, from Wedbush, Daniel Ives also advises to overweight the stock with a higher price target, which reaches $ 185 per share. And finally, the consensus among analysts collected by TipRanks indicates that of the 26 analysts that follow the value, 20 choose to buy and 6 to hold. Its target price reaches 170.09 euros per share with a potential of 14.43%.
But since Wedbush, they have a divergent view on the semiconductor shortage, which could, says analyst Daniel Ives he could cut his iPhone production in half, 10 to 5 million units, in the middle of the Christmas season. For example, in the case of Spain the lack of stock is evident, perhaps due to the lack of supplies, perhaps due to the anticipation of purchases in the face of the expected bottleneck or perhaps, by marketing a reduced stock that encourages more demand.
And it is that he thinks that specific supply problems they are nothing more than a bump in a supercycle that iPhone lives between the 12 and 13 range with figures for the 2022 season that he considers conservative for the current situation.
Disclaimer: This article is generated from the feed and not edited by our team.