Equities Analysts Offer Predictions for Apple Q1 Earnings

Key Points

• KeyCorp cut its Q1 2027 Apple EPS forecast to $2.95 from $3.10 and maintains an “Underweight” rating with a $250 price target. Its estimates put FY2027 EPS at $8.34.
• Analyst views are mixed, though MarketBeat reports an average “Moderate Buy” rating and a $343.74 average price target; recent targets range from $250 to $380.
• Apple’s latest quarter beat expectations, with EPS of $2.10 versus $1.99 estimated and revenue of $114.48 billion versus $113.40 billion expected; revenue rose 11.7% year over year.

Apple Inc. (NASDAQ:AAPL - Free Report) - Analysts at KeyCorp lowered their Q1 2027 earnings per share estimates for Apple in a note issued to investors on Monday, November 2nd. KeyCorp analyst B. Nispel now forecasts that the iPhone maker will post earnings per share of $2.95 for the quarter, down from their previous forecast of $3.10. KeyCorp currently has an "Underweight" rating and a $250.00 price target on the stock. The consensus estimate for Apple's current full-year earnings is $9.68 per share. KeyCorp also issued estimates for Apple's Q2 2027 earnings at $1.87 EPS, Q3 2027 earnings at $1.86 EPS, Q4 2027 earnings at $1.67 EPS, FY2027 earnings at $8.34 EPS and FY2028 earnings at $8.57 EPS.

A number of other brokerages have also weighed in on AAPL. The Goldman Sachs Group set a $380.00 price objective on Apple in a report on Wednesday, November 4th. DA Davidson raised their target price on Apple from $270.00 to $295.00 and gave the company a "neutral" rating in a report on Tuesday, November 3rd. Seaport Research Partners downgraded Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Morgan Stanley set a $350.00 target price on shares of Apple and gave the stock an "overweight" rating in a research report on Tuesday, November 3rd. Finally, CICC Research upped their price target on shares of Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $343.74.

Apple Stock Up 2.4%

AAPL opened at $350.69 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.93. Apple has a 12 month low of $243.42 and a 12 month high of $355.38. The stock has a market capitalization of $5.10 trillion, a P/E ratio of 39.10, a P/E/G ratio of 3.30 and a beta of 1.07. The business has a 50 day simple moving average of $336.63 and a 200-day simple moving average of $299.02.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. The company had revenue of $114.48 billion for the quarter, compared to analysts' expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 EPS.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Berkshire Hathaway Inc purchased a new position in shares of Apple during the 2nd quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new stake in shares of Apple in the second quarter worth approximately $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple in the second quarter valued at approximately $30,443,242,000. Deutsche Bank AG purchased a new stake in Apple in the second quarter valued at approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Apple in the second quarter valued at approximately $10,588,946,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity

In related news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares of the company's stock, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 290,212 shares of company stock worth $96,639,685. Corporate insiders own 0.06% of the company's stock.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple's payout ratio is currently 12.04%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported quarterly revenue of $114.48 billion and EPS of $2.10, topping estimates, with double-digit growth in hardware and services. Article
• Positive Sentiment: Apple Intelligence cleared a Chinese regulatory step for use on tablets and laptops, potentially expanding the service’s reach in a major market. Article
• Positive Sentiment: Apple has begun offering $49.99 add-on packs for extra AI usage in Creator Studio, a potential new revenue stream from its AI features. Article
• Positive Sentiment: Commentary points to resilient iPhone demand and Apple’s comparatively restrained AI spending as advantages amid investor concerns about heavy AI investment elsewhere. Article
• Neutral Sentiment: Apple issued $7.5 billion in senior unsecured notes. The financing provides capital but also adds debt; the announcement does not specify a direct operating catalyst. Article
• Negative Sentiment: Reports warn that rising memory-chip costs could pressure margins, while some analysts question whether Apple’s valuation leaves limited room for further gains. Article

About Apple

Apple Inc designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS.

The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple's devices and are sold to consumers, businesses and institutions around the world.

Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.

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