- Rosenblatt shares its concerns and convictions over two significant U.S. Big Tech stocks ahead of their earnings results.
- Rosenblatt analyst Barton Crockett’s checks of industry data ahead of Apple Inc’s (NASDAQ:AAPL) 3Q22 earnings report reflect a company’s out-performing peers, boding well in a challenging environment, suggesting his slightly above FactSet consensus estimates are beatable.
- Apple’s big moves during the quarter in sports (deal to be the lead broadcaster of Major League Soccer, and reportedly in the lead to pick up Sunday NFL Ticket) seem brand-driven and disruptive, raising questions of how the economics work, which perhaps suggests confidence in Cupertino.
- He had a Neutral rating with a price target of $168 on Apple.
- Rosenblatt analyst Blair Abernethy marginally slashed his Microsoft Corp (NASDAQ:MSFT) estimates due to Windows OEM headwinds and Euro decline and trimmed his target price to $330 (from $349) on higher interest rates and multiple comparable compression. He maintained a Buy rating.
- Abernethy believes enterprise IT spending, Digital Transformation activity, and the cloud shift remained strong in the quarter.
- He expects FY22E revenue growth but believes forex could add further headwinds in FY23.
Boston Beer Co Q2 EPS $4.31 May Not Compare To $5.35 Estimate, Sales $616.20M Miss $629.32M Estimate
Boston Beer Co (NYSE:SAM) reported quarterly earnings of $4.31 per share which missed the analyst consensus estimate of $5.35 by 19.44 percent. This is a 9.26 percent decrease over earnings of $4.75 per share from the
