Goldman ups AAPL estimates

Goldman Sachs today , saying it expects the company to beat consensus estimates for the fiscal second quarter. Although the firm says that the success of the iPod, the Mac mini and the PowerBook professional notebook will help its current quarter, Goldman believes that "much of the good news is already discounted into Apple stock, and that a positive earnings release 'might merely enable the stock to retrace its recent sell-off.' Goldman said Apple shares will need a greater catalyst to move higher, 'one which we are unable to foresee,'" according to Forbes. The research firm raised its second-quarter and 2005 earnings-per-share estimates to 27 cents and $1.19, respectively, from 24 cents and $1.12. Goldman also raised the fiscal 2006 and 2007 earnings-per-share estimates to $1.34 and $1.54, respectively.

by MacNN Staff