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Sat, Nov 07, 2009 - 11:59 AM EST  —  AAPL: 194.34 (+0.3099, +0.16%)  |  NASDAQ: 2112.44 (+7.12, +0.34%)

JP Morgan raises estimates for Apple Computer, Inc.
Monday, April 11, 2005 - 01:43 PM EST

In a research note released this morning, analysts at JP Morgan have reiterated their "overweight" rating on Apple Computer Inc. and raised estimates for the company.

Apple Computer is scheduled to report its F1Q results on April 13.

JP Morgan analysts expect Apple Computer to post revenues and earnings ahead of the consensus estimate. JP Morgan believes Apple will continue to witness higher-than-expected operating leverage and robust revenue growth in the near future.

The analysts expect Apple Computer's share price to appreciate in the near term due to accelerating operating leverage and market share gains across all segments. JP Morgan analysts' EPS estimates for 2005 have been raised from $1.15 to $1.18 and, for 2006, from $1.24 to $1.33.

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Apr 11, 05 - 02:32 pm Comment from: R

So - why, with this and positive quarterly results due on Wednesday is the price dropping??

Apr 11, 05 - 02:43 pm Comment from: JJ

good question

Apr 11, 05 - 02:45 pm Comment from: Stockboy

Argghh! I´m losing my shirt - down $1.48 with 14 minutes to go!!!!!!!

Why did I listen to these stock brokers that MDN keeps listing????

Apr 11, 05 - 02:50 pm Comment from: Winchester Biggins

It's like the calm before the storm....or the poop before the pudding....or something like that. I predict it will break $50 per share (at least briefly) on thursday morning.

Apr 11, 05 - 03:21 pm Comment from: G Spank

I think its probably the result of people getting skittish before the report. They will most probably all buy back in after Apple beats estimates. Sure they will lose $1 - $5 per share, but the way they figure it's better than losing $1 - $5 if Apple misses. It's all a gamble, and I think it's better to have your money on Apple doing better than people expect. We will all find out soon...

Apr 11, 05 - 03:52 pm Comment from: Invested in my Education

Buy on rumor, sell on fact

or

vice-versa

Apr 11, 05 - 04:02 pm Comment from: Got AAPL

AAPL dropped because Caris & Company downgraded the stock. Honestly, I don't know who they are. If I had extra cash available, I'd be picking up for the short term. I already hold some shares in AAPL (in at $8.50) and am expecting some great news on close of Wed.

Apr 11, 05 - 04:04 pm Comment from: Joan Lluch

Apple stock has dropped because of Piper Jaffray report

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