Alert: New Earnings Report (11/2/23)-Apple Inc (NASDAQ: AAPL).


Apple Inc (NASDAQ: AAPL) has reported E.P.S. of $1.47 for its fourth fiscal quarter (ending September 30) versus $1.29 for the same period a year ago — an increase of 14%. Relative to the consensus estimate of $1.39, this was a premium of $0.08. For the latest four quarters through September 30, E.P.S. were $6.16 compared to $6.15 a year ago — an increase of 0%.


Recent Price Action

Apple Inc (NASDAQ: AAPL) stock closed at $177.57 on 11/2/23 after a large increase of 2.1%. The stock has risen 3.8% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

AAPL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Apple has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Apple has a neutral Appreciation Score of 52 but a good Power Rating of 81, leading to the Positive Value Trend Rating.

Rating Review

In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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