Credit Suisse analyst Rob Semple has raised his earnings per share estimate for Apple’s (AAPL) fiscal fourth quarter ended September to $0.92 from $0.87.
For Apple’s calendar 2008, the analyst now expects Apple to deliver $5.00 a share, up from $4.83.
In a note to clients, Semple write, “We believe Apple will be the best performing IT hardware stock in [the fourth quarter] as our estimates will likely prove conservative given the growth drivers.”
The analyst expects the company to sell 2.1 million Macs in the quarter and maintained his “Outperform” rating and $185 price target on AAPL.
[Thanks to MacDailyNews Reader “Mike in Helsinki” for the heads up.]