Apple: Analysts Anticipate Q4 Revenues Of $84.85 Billion

Apple (NASDAQ: AAPL) will be reporting its fourth quarter financial results on October 27th after markets close. Analysts have a consensus $168.89 12-month price target on the company, via a total of 41 analysts, with 14 analysts having strong buy ratings. 20 analysts meanwhile have buy ratings and 7 have hold ratings on the company. The street high comes from Atlantic Equities with a $190 price target, and the lowest target sits at $132.

24 analysts have revenue estimates for the fourth quarter. The mean revenue estimate between all 24 analysts is $84.85 billion; this number has been revised upwards from $77.87 at the start of April. The highest revenue estimate is $89.28 billion, while the lowest is $77.65 billion.

Onto EBITDA estimates, there are currently 9 analysts who have fourth-quarter EBITDA estimates. The mean is currently $26.82 billion, with this number having been revised upwards from $22.21 billion at the start of April. The street high estimate currently sits at $29.20 billion in EBITDA and the lowest is $22.85 billion.

Analysts estimate that quarterly earnings per share will come in at $1.24, with this number being revised upwards from $0.98 at the start of April. Street high is $1.34 and the lowest estimate is $1.05 per share for the quarter.


Information for this briefing was found via Edgar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Isn’t In A Bubble, Currency Is. – Doug Casey

The Real Move Begins When They Cut Rates | Peter Krauth

Is Altamira Gold Sitting On Brazil’s Next Big Gold Discovery?

Recommended

Stifel Initiates Coverage On Goliath Resources With $5.00 Price Target

ESGold Completes Mill Building Construction, Final Equipment Procurement Underway

Related News

Were Traders Tipped Off About Maxar’s Buyout?

On December 16, Maxar Technologies (TSX: MAXR) announced that it would be acquired by Advent...

Friday, December 23, 2022, 06:24:00 AM

Roku: Analysts Expect Positive Net Income For Q2 2021

Roku Inc (NASDAQ: ROKU) will be reporting its second quarter financial results after the market...

Wednesday, August 4, 2021, 03:10:00 PM

Kirkland Lake Gold Sees BMO Capital Markets Raise Price Target To $100

Last week, Kirkland Lake Gold (TSX: KL) gold released its third quarter results. The company...

Tuesday, November 10, 2020, 10:23:44 AM

Facebook: Q3 Earnings Preview

Facebook (NASDAQ: FB) will be reporting its third quarter financial results today after the markets...

Monday, October 25, 2021, 02:33:00 PM

Apple Ordered to Face Antitrust Lawsuit Over Apple Pay Monopoly

Apple Inc. (NASDAQ: AAPL) has been directed by a US District Judge Jeffrey White to...

Thursday, September 28, 2023, 02:59:00 PM