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Apple: Here's What Everyone On The Street Is Saying

Apple: Here's What Everyone On The Street Is Saying
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The market seems unenthused with Apple Inc. (NASDAQ: AAPL)'s quarterly results, as the stock is down more than 6 percent, but what do analysts have to say about the print?

With sales guidance coming in below consensus expectations ($41-53 billion vs. $47 billion), gross margin outlook short (37.5–8 percent vs. expected 39.2 percent), average sales price for the iPhone missing the mark ($642 vs. $659) and EPS off target ($1.90 vs. estimated $2), the negatives paint a bleak picture.

However, in true mixed fashion, there were positives as well, including iPhone unit sales ahead of estimates (51.2 million vs. 50 million for the quarter), capital return and buyback updates, $11.6 billion OCF, $10 billion via buybacks and dividends to shareholders, $153 net cash and a revenue beat for iTunes software and services.

Below is a brief look at what the Street has been saying.

Voices From The Street

Brean Capital: iPhone Concerns Aside, "Additional Wrinkles" Could Weigh On Apple's Stock

BTIG: Cutting Apples Target To $115, But Maintains Buy

Citi: Despite Near-Term Pressure, iPhone 7 Should Be The Focus

Citi: 5 Positives And 5 Negatives From Apple's Earnings Report

Credit Suisse: Apple's Setback Creates Opportunity; Maintains $150 Share Valuation

CCO Global: Apple Has Been Playing Smartphone Catch-Up Since 2010

JPMorgan: Don't Expect Apple Catalysts To Materialize Until Late Summer

Maxim: Trimming Apple Estimate, Keeps Target Above $150/Share

Needham: All Will Be Well For Apple Eventually, After iPhone Users Upgrade

Oppenheimer: Buy The Post-Earnings Dip in Apple Suppliers

Oppenheimer: Apple Downgraded, Analysts "Questioning" Their Faith

Pacific Crest: Apple Guidance Isn't As Bad As It Looks

Piper Jaffray: Gene Munster Talks Apple's Future On Benzinga PreMarket Prep

Piper Jaffray: Gene Munster's Thoughts On Apple Following Q2 Results, "Disappointing" Outlook

Piper Jaffray: Munster: Any Companies Apple Could Buy To Immediately Inject Growth Are Too Large To Buy

Raymond James: Apple Will Stay Range-Bound Until Revenue Growth Stabilizes

Wells Fargo: Analysts Say When Is The Best Time To Own Apple Shares

Latest Ratings for AAPL

Oct 2016Goldman SachsMaintainsBuy
Oct 2016Credit SuisseMaintainsOutperform
Oct 2016PiperJaffrayMaintainsOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Analyst Color Earnings Long Ideas News Analyst Ratings Movers Tech Trading Ideas Best of Benzinga


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