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.
