Microsoft Corp. (NASDAQ: MSFT) Q1 Will be Tough to Beat
Highlights MSFT started FY2022 by beating market estimates. Q1 (quarter ended September 2021)...
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Tag: Large Caps
Canadian Banks (TSX: RY / TD / BNS / BMO / CM) Valuation Metrics Still 6% Below Pre-Pandemic Levels
Highlights In Q3, RBC and CIBC beat our EPS estimates(due to strong loan growth and credit loss...
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Microsoft Corp. (NASDAQ: MSFT) Maintaining HOLD Rating Despite Upbeat Guidance for Q1
Highlights Q4 (quarter ended June 2021) revenue of $46B beat market estimates by 4%, while EPS of...
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Apple Inc.(NASDAQ: AAPL)Remaining Bullish Despite Management’s Warning of Weak Q4
Highlights Q3 (quarter ended June 2021) revenue of $81B beat market estimates by 11%, while EPS of...
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Apple Inc. (NASDAQ: AAPL) Q2 Will be Tough to Beat
Highlights Q2 (quarter ended March 2021) revenue beat market estimates by 16%, and our estimate by...
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Microsoft Corp.(NASDAQ: MSFT)-Record Performance Overshadowed by Alphabet’s Results
Highlights Q3 (quarter ended March 31st) revenue beat market estimates by 2.1%, and our estimate...
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Canadian Banks (TSX: CM / RY / TD / BNS / BMO ) Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return
Highlights The Big Five’s Q1 earnings beat our estimates primarily due to...
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Canadian Banks (TSX: RY / TD / BNS / BMO / CM) Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return
Highlights The Big Five’s Q1 earnings beat our estimates primarily due to...
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Senior Gold Producers(NYSE: NEM/GOLD / TSX: NGT/ABX) Record Revenue in 2020; Recent Dip in Prices Offers Attractive Entry Point
The world’s two largest producers, Newmont and Barrick, recorded record revenue and EBITDA in 2020 due to stronger gold prices. Although both companies’ revenues were almost in line with our forecasts, their EPS fell below expectations due to higher than expected costs.
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Apple Inc.(NASDAQ: AAPL) – Q1 Earnings Beat Expectations / Stronger than Expected Sales in China
We are raising our revenue forecasts for FY2021, and FY2022, on the back of faster growth from iPhone sales as well as strong contribution from wearables, home and accessories, and services. We expect iPhone sales to remain strong on continued consumer upgrading, as 5G networks have yet to be fully implemented across the globe. As a result of our higher revenue/EPS projections, and higher sector-average valuation metrics, we are raising our fair value estimate by 21% to $148.12, suggesting a potential return (including dividends) of 8.3% in FY2021.
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