Apple's Fiscal Fourth-Quarter Report Awesome

publication date: Nov 2, 2017
 | 
author/source: Brian Nelson, CFA
Previous | Next
 

The newsletter portfolio idea’s stock is off to the races.

By Brian Nelson, CFA

What more could we say about Apple (AAPL) with its $199 fair value estimate, 7-rating on the Valuentum Buying Index, 5.2 Dividend Cushion ratio, and its position in both newsletter portfolios! We like shares!

Apple reported a fantastic fiscal fourth-quarter report November 2 that beat both top and bottom-line expectations. We’re still pouring through the numbers, but the initial read is quite positive. The quarterly revenue jump of 12% and quarterly earnings-per-share advance of 24% are considerable for a company of Apple’s size.

In the press release, the executive team had a lot of positive things to say about the outlook and product suite:

We’re happy to report a very strong finish to a great fiscal 2017, with record fourth quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for Services…With fantastic new products including iPhone 8 and iPhone 8 Plus, Apple Watch Series 3, and Apple TV 4K joining our product lineup, we’re looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, we couldn’t be more excited as we begin to deliver our vision for the future with this stunning device.

Apple’s year-over-year revenue growth rate accelerated for the fourth consecutive quarter and drove EPS growth of 24 percent in the September quarter. We also generated strong operating cash flow of $15.7 billion and returned $11 billion to investors through our capital return program.

We’re comfortable leaving our $199 fair-value estimate alone for now, and we expect to continue to update readers on sales trends across Apple’s product suite. Access our research suite on Apple here >>


-------------------------------------------------
The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Valuentum Exclusive publication, ESG Newsletter, and any reports, data and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, data or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor, and does not offer brokerage or investment banking services. The sources of the data used on this website and reports are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum, its employees, and independent contractors may have long, short or derivative positions in the securities mentioned on this website. The High Yield Dividend Newsletter portfolio, ESG Newsletter portfolio, Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio are not real money portfolios. Performance, including that in the Valuentum Exclusive publication and additional options commentary feature, is hypothetical and does not represent actual trading. Actual results may differ from simulated information, results, or performance being presented. For more information about Valuentum and the products and services it offers, please contact us at info@valuentum.com.

 
Previous | Next