APPLE'S PREMIUM VALUATION LEAVES LITTLE ROOM FOR ERROR: OPPENHEIMEROppenheimer reiterated its Perform rating on Apple ($ | Hanami
APPLE'S PREMIUM VALUATION LEAVES LITTLE ROOM FOR ERROR: OPPENHEIMER
Oppenheimer reiterated its Perform rating on Apple ($AAPL ) ahead of earnings, warning that its elevated valuation limits upside.
The firm forecasts Q4 revenue of $112.9 billion and EPS of $1.96, both below consensus.
Its 2027 EPS estimate of $8.91 is 7% below expectations, reflecting slowing iPhone growth, rising memory costs and Services headwinds.
Oppenheimer also expects a 150-basis-point hit to December-quarter product margins.(Historical earnings: For 2026FY (period ended 2026-07-03), Sandisk reported basic EPS of 77.78, diluted EPS of 73.76, and net income of USD 11.433 billion.
Consensus expectations: For the upcoming event on 2026-10-29, consensus EPS estimate is 46.2722 and revenue estimate is USD 10.677 billion.)