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Apple Inc. Message Board

  • reservoir1999 reservoir1999 Apr 17, 2013 2:57 PM Flag

    Just out of Goldman

     

    Analyst Actions: Goldman Sachs - Apple 2Q13 Earnings Preview 04/17 02:56 PM

    02:56 PM EDT, 04/17/2013 (MidnightTrader) -- Goldman Sachs (GS:$140.028,0$-4.072,0-2.83%) put out a prescient preview of Apple's (AAPL:$400.872,0$-25.368,0-5.95%) earnings, saying the company could lose momentum. Shares of AAPL are down 5.4% to $403.15 in afternoon trade. The company will be reporting next Tuesday, April 23.
    According to GS, "while we still think many of Apple's (AAPL:$400.872,0$-25.368,0-5.95%) current challenges can be remedied with the upcoming product cycles in the second half of this year, we believe the company's near-term momentum could further weaken before these new products come to market. This is likely to manifest itself with below-consensus earnings guidance. While there has been some hope that Apple (AAPL:$400.872,0$-25.368,0-5.95%) will announce its new capital allocation plan during its earnings call, we believe it is more likely that Apple (AAPL:$400.872,0$-25.368,0-5.95%) will make this announcement on a separate date, with a separate conference call."
    GS maintains its buy rating and target price of $575 based on 13x EPS.

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