NEW YORK (TheStreet) -- Apple (AAPL) has had its earnings estimates increased after a strong March quarter, Oppenheimer said Thursday. The firm increased its full-year 2014 earnings estimate to $44.38 a share from $42.85 a share. Full-year 2015 earnings estimates were bumped to $46.57 a share from $44.68 a share.
"The iPhone strength more than offset disappointing iPad shipments and suggests Apple can ride emerging market expansion through at least one more product cycle," Ittai Kidron wrote in the report.
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Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: AAPL Ratings Report