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Danieljones - Sr. Director (Talk | contribs)
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Roger - Director (Talk | contribs)
m (Stock:Apple (AAPL)/Bulls/Apple's been exceeding expectations moved to Stock:Apple (AAPL)/Bulls/Apple's been exceeding expectations of others)
Apple, Inc has been surprising analysts to the upside for its last four quarters. In March of 2007, analysts expected $0.64 per share, and saw a 36% upside surprise with actual results of $0.87. June, September and December quarters also showed upside surprises of 28%, 17% and 9%, respectively. Current analyst estimates are for March 2008's quarter to be $1.05, and that is an average with 23 published estimates outstanding on this mega-cap growth stock. YOY growth rates appear to be in the 20% plus range, which is well above average and well above industry and sector growth rates. Most of this growth is attributable to the iPod and iPhone lines, which continue to sell well into the marketplace.
AAPL generates over $26.5 billion in annual revenues (trailing 12 months) or $30.50 per share. EBITDA over the same ttm period has been $5.6 billion, and with a debt balance of zero - yes, you read that right - much of that EBITDA falls to the bottom line. AAPL maintains over $18 per share in cash on its balance sheet, or approximately $19 billion.