Last quarter they guided 2.12 vs consensus 2.45 which was 15.6% higher. Guidance of 2.335 vs consensus of 2.70 is 15.6% higher so basically inline. Should that mean we should expect the same relative beat of 57% which would be 3.67 or a .97 beat of consensus? I don`t know. But if you add a conservative average of a .80 consensus beat per quarter, that`s another 3.20 we should add to forward one year.
If that is expected to happen, at a 15 PE on an extra 3.20 add 48 to current forward price targets which would be what? But analysts like stepping up targets each quarter so I expect 15-20 pts added to consensus targets.
my dumb azz broker suggested not buying in at $219.00 with results like this who needs him . this investment stuff is not hard for a novice like myself. i only wish i had done it sooner ! Go Long Go Apple or Go Home.