Latest news with #Oppenheimer
CNBC
6 hours ago
- Business
- CNBC
Apple earnings are coming out postmarket Thursday. Here's what top analysts expect
Apple is on the docket to release fiscal third-quarter earnings after the stock market close Thursday, with most analysts cautiously optimistic that the iPhone maker's June quarter will deliver results that at least match Wall Street expectations. Analysts estimate that Apple, led by CEO Tim Cook, will earn $1.33 per share on revenue of $89.54 billion, an LSEG survey shows. This would represent earnings growth of 2.4% and a revenue rise of 4.4% versus the same period a year ago. Apple beat Wall Street's forecasts for earnings and revenue in the fiscal second quarter that ended in March. But analysts were left disappointed after revenue at Apple's closely-watched Services business grew 11.7% in the March quarter, lighter than the 14.2% expansion seen in the same period in 2024. Another sore spot was Apple's wearables division, which declined 5% versus the same period a year ago. At the same time, sales fell year-over-year in Greater China in the March quarter, although they rose nearly 8% in the Americas, Apple's largest market. At the time, CEO Cook told CNBC's Steve Kovach there was no evidence consumer demand increased due to impending threat of tariffs. "We don't believe that there was a significant pull forward due to tariffs into the March quarter," Cook said then. "There's no obvious evidence of it." Shares of Apple have slumped 17% since the start of 2025, lagging far behind the 8.7% rise in the S & P 500. AAPL YTD mountain AAPL YTD chart Heading into earnings, however, most of Wall Street remains bullish on Apple, although some analysts express concern over Apple's artificial intelligence strategy versus its big-tech peers. LSEG data shows that 32 analysts covering the stock rate it a strong buy or buy, while 14 give it a hold and three rate it underperform. Here's what analysts at some of Wall Street's biggest banks are saying before Apple's latest earnings report, from least optimistic to most. Barclays: Underweight rating, $173 price target The bank's price target implies the risk of 17% downside ahead, based on Apple's Wednesday closing price of $209.05 per share. "We expect a slight June-Q beat led by better FX, iPhone and Mac upside, with Services about in-line. C2H25 looks to be risky on pull-in reversal and potential tariff impacts. We still see no major progress on AI for AAPL." Oppenheimer: Perform rating Oppenheimer doesn't provide a price target for Apple. "We take a neutral view into AAPL's F3Q25 earnings. We expect investors to focus on the revenue outlook for F4Q25 after normalizing the potential FX tailwind, Services revenue growth (maintaining [mid double digit] growth Y/Y), and the sales trend in Greater China (resumption of growth). Our neutral view assumes better sales near term on an FX tailwind plus healthy Services segment growth offset by a relatively weaker iPhone outlook due to an underwhelming hardware upgrade and the AI implementation." Needham: Hold Likewise, Needham doesn't have a price target. "We advise caution going into AAPL's FY3Q25 earnings call next week. We believe AAPL must articulate a GenAI action plan. AAPL is 1-2 years behind its Big Tech competitors, so any GenAI plan will be expensive to catch up through higher costs to the P & L and higher CapX, and maybe even an acquisition (which helps AAPL catch up faster), we believe." KeyBanc: Sector weight KeyBanc has no price forecast on the stock either. "We remain [sector weight] Apple and raise our F3Q estimates above consensus, while lowering our F4Q estimates below consensus … All things considered, we think iPhone should surprise positively and AAPL should deliver at the high end of its [low single digit-mid single digit] total revenue growth guidance for F3Q; however, we expect AAPL to guide F4Q to LSD +/-, where our F4Q/FY26 estimates are below consensus." UBS: Neutral, $210 price target The UBS price target implies shares will be little changed over the coming year. "Following two strong, well above seasonal months driven by fears of a potential iPhone price increase related to broad based tariffs, we estimate iPhone sell-through in the month of June declined 18% YoY as demand fizzled. Therefore, for the June quarter, we estimate iPhone units came in around 45M or up 3.4% YoY, roughly 1.5M above our prior estimate. Moreover, continued weakness in the U.S. dollar during the quarter should flip FX to a slight tailwind from prior expectations of a 'slight headwind' to revenue in the June quarter. As such, we slightly raise our June quarter estimates but lower Sept. given likely iPhone softness, below seasonal, given the prior pull-in." Bank of America: Buy, $235 price target Analyst Wamsi Mohan's target would translate into a gain of 12% for Apple over the coming year. "With better iPhone traction in China and strength in Services we expect an in-line report, and in-line to slight beat on revs for the guide (our F3Q rev/EPS are $90.2bn/$1.45 vs. Street $89.3bn/$1.43, and F4Q rev/EPS are $99.5bn/$1.66 vs. Street $98bn/$1.67)." Morgan Stanley: Overweight, $235 price target "June Q Product strength, better than feared Services growth, and FX supports upside to ests this qtr, with mgmt's Sept Q guide likely to bracket [Morgan Stanley estimates and consensus]. However, need more clarity on tariffs, the upcoming DOJ v. GOOGL remedy ruling, and AI strategy before sentiment can materially shift." Citigroup: Buy, $240 price target The bank's projection of where the stock should trade is 15% above its current price. "While we acknowledge upside from the pulled forward demand in the JunQ driven by tariffs pause and aggressive promotions in China, we remain cautious on the full year iPhone demand given AI delay and pending Section 232 decisions. We adjust our iPhone units forecast to be 45M/50M in JunQ/Sep-Q, up/down by 2M from 43M/52M prior. We keep our CY25/26 iPhone units forecasts largely unchanged at 226M/234M, or -0.5%/+3.1% Y/Y growth." Evercore ISI: Outperform, $250 price target The 12-month price forecast is 20% above Apple's Wednesday closing price. "Apple looks well positioned to report in-line/modest upside in the Jun-qtr with continued modest improvements in China and a tariff impact that is incorporated into their guidance. Investors will likely focus on the Sept-qtr guide with expectations for a q/q step down in gross margins given the tariff impact will be larger compared to Jun-qtr. Consensus is currently modeling only 10bps of q/q margin degradation for the Sept-qtr, which may be too low and we think the impact will be closer to 50bps+. There is also a fair bit of uncertainty around how does AAPL handle the Sept-qtr revenue guide with Services as the key wild card." JPMorgan: Overweight, $250 price target "We rate shares of Apple Overweight from the combination of AI and age of installed base led volume replacement cycle while Services continues to demonstrate robust growth delivering acceleration in earnings growth. That said, in relation to bull case without tailwinds from AI, we see the opportunity for investors to look for earnings growth through Services growth and margin expansion to be the primary driver of share price returns while awaiting further visibility in relation to AI & foldable phones led volume uplift heading into the iPhone 18 cycle." Goldman Sachs: Buy, $251 price target In a note last week, the bank trimmed its price target to $251 from $253, or roughly 20% above where shares of Apple closed on Wednesday. "The majority of gross profit growth over the next 5-years should be driven by Services, which should mark an inflection point in the Services investment narrative and support AAPL's premium multiple. The durability of Apple's installed base and the resulting revenue growth visibility from attaching more Services and Products is what underpins the recurring revenue — or Apple-as-a-Service — opportunity."
Yahoo
6 hours ago
- Business
- Yahoo
Ninja FlexFlame and Global Expansion Fuel Sharkninja's Growth Momentum
SharkNinja, Inc. (NYSE:SN) is one of the . Amid strategic market shifts, the company gears up for Q2 earnings and global product expansions. A close up of a consumer electronic product with the company's logo on the product label. SharkNinja, Inc. (NYSE:SN) is a global product design and technology firm behind leading consumer appliance brands Shark and Ninja. Based in Massachusetts, the company holds a comprehensive portfolio inclusive of cleaning, cooking, beauty, and home environment categories, and launches ~25 new products annually. The company primarily operates in North America and Europe. The company is scheduled to report Q2 2025 earnings on August 7. Key updates on tariff strategies and recent product performance are expected in the report as the company continues to target aggressive expansion through its recently launched innovations like Ninja FlexFlame and Shark FlexBreeze. With a goal to enter two new subcategories each year and shift to direct-to-consumer models in select international markets, SharkNinja, Inc. (NYSE:SN) is actively strengthening its global footprint. Analyst sentiment for the stock remains positive with Oppenheimer maintaining an Outperform rating while raising the price target from $120 to $135 and JP Morgan maintaining a Buy rating on the stock with a price target increased from $108 to $144. SharkNinja, Inc. (NYSE:SN) attracts hefty institutional support with 69 hedge fund holders holding stakes in the company, increasing the attractiveness of the stock to investors. While we acknowledge the potential of SN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Long Term Low Risk Stocks to Invest in and 13 Best Low Risk High Growth Stocks to Buy Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Wind Energy Surge Powers Arcosa Orders After Inflation Reduction Act
Arcosa, Inc. (NYSE:ACA) is one of the . The company is on its way to immensely benefit from increased wind energy infrastructure demand. A construction site at night with long exposure illuminating specialty materials and trench shields. Headquartered in Texas, Arcosa, Inc. (NYSE:ACA) manufactures infrastructure-related products and services. Operating in three segments —construction products, engineered structures, and transportation products —the company serves a variety of infrastructure markets, including construction, energy, and transportation. Arcosa, Inc. (NYSE:ACA)'s Engineered Structures business has been gaining massive orders owing to the rise in the number of grid hardening and reliability initiatives. Specifically, the passage of the Inflation Reduction Act (IRA) has enabled the company to achieve $1.1 billion worth of new orders through 2028. A notable portion of these orders is for wind energy projects expanding in the Southwest. New towers are being delivered with the help of the new plant introduced in New Mexico in 2024, thus acting on the massive order intakes and strong backlogs. Barclays and Oppenheimer stick to their Buy rating on the stock, despite President Jesse Collins's significant sale of 8,616 shares of the company's stock in a transaction valued at $744,388. With 23 hedge funds backing the stock with a moderate level of institutional interest, Arcosa, Inc. (NYSE:ACA) stands as a worthy candidate to be included in investment decisions. While we acknowledge the potential of ACA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Long Term Low Risk Stocks to Invest in and 13 Best Low Risk High Growth Stocks to Buy Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Extra.ie
6 hours ago
- Entertainment
- Extra.ie
Robert Downey Jr assembles eye-watering fortune from new Marvel deal
Robert Downey Jr was the face of the Marvel Cinematic Universe for over a decade and seemed to be finished with the franchise in 2019. RDJ kicked off the global phenomenon back in 2008 when he first appeared on the big screen as the fan-favourite Iron Man. After Iron Man's death in 'Avengers: Endgame' in 2019, it looked like the charismatic actor was finished with the superhero life and went on to win an Oscar for his portrayal of Lewis Strauss in Christopher Nolan's 'Oppenheimer' four years later. Robert Downey Jr will play Doctor Doom in the next two Avengers films. Pic:for Disney Although, his Marvel retirement did not last long, as last year it was announced that RDJ will return to the franchise in next year's 'Avengers: Doomsday' and the following year's 'Avengers: Secret Wars'. This time, however, the 60-year-old is not returning as the beloved Iron Man and is instead taking up the villainous role of Doctor Doom. The announcement brought about confusion, excitement and overall mixed reactions from Marvel fans. It might not be too much of a mystery though as to why RDJ has returned so quickly after looking at the paycheck the iconic star is set to receive for playing Doom in the next two Avengers movies. Actor Robert Downey Jr. (Photo by) Variety originally reported that RDJ will be making over $80million on the films but according to 'people familiar with the deal', that figure could be closer to $95million. This will be the most RDJ has ever earned over a two-film spell with Marvel but it only adds to a gargantuan sum that he has already accumulated. Variety sources say that the actor has earned between $500million and $600million over the course of seven Marvel movies and three cameos. With a paycheck like this it seems certain that RDJ will be getting the most screen-time in Doomsday, which is set to release on December 18, 2026. RDJ won the Oscar for Best Supporting Actor in 2023. Pic:To put these earnings into perspective, the star's Doom payday is almost half of the entire budget for Marvel's recently released 'Fantastic Four: First Steps', which Disney pegged at somewhere north of $200million. It's no secret that Disney and Marvel can afford these big budgets with their blockbuster movies usually turning a mega-profit. Last year, their film 'Deadpool & Wolverine', starring Ryan Reynolds and Hugh Jackman, made $1.34billion worldwide. It had a rough budget of $200million. However, 'Avengers: Doomsday' looks set to be Marvel's most expensive movie to date with massive production costs and a seemingly never-ending cast list, including RDJ's massive deal. It has been speculated that Doomsday could cost upwards of $1billion to make. While that may sound like far too much to gamble on a movie, Marvel probably won't be sweating too much after their last two Avengers films – Infinity War and Endgame – grossed $2.048billion and $2.799billion respectively. No matter how they turn out in the end, one thing is for sure – Robert Downey Jr's bank account looks more and more like Iron Man's with every movie.
CNBC
8 hours ago
- Business
- CNBC
Oppenheimer's Jason Helfstein: Meta is showing they can use AI to drive higher engagment
Jason Helfstein, Oppenheimer analyst, joins CNBC's 'Squawk on the Street' to discuss outlooks on tech stocks, expectations for earnings, and much more.
