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Apple is predicted to unveil two significant iPad Pro updates this month — probable in two weeks — and renders here depending on purported design plans are the closest preview we’ve viewed.
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Our investigation exhibits that stocks with this mix deliver a beneficial surprise almost 70% of the time, as well as a strong Zacks Rank actually improves the predictive electric power of Earnings ESP.
The consensus EPS estimate to the quarter has remained unchanged throughout the last thirty days. This is basically a reflection of how the covering analysts have collectively reassessed their initial estimates above this period.
At this stage, Apple hasn’t formally declared its 2nd drop function or the new iPads. Individually, I might guess which the event are going to be introduced by next week and held around two weeks from now, quite possibly on October 30, with new hardware shipping in early November. Keep tuned.
Even though the sustainability on the speedy selling price change and upcoming earnings anticipations will mostly rely upon management's dialogue of business problems on the earnings connect with, It really is truly worth handicapping the chance of a optimistic EPS surprise.