On Tuesday, Apple (NASDAQ: AAPL) will
release its latest earnings report. Decipher the announcement with Benzinga's help.
Earnings and Revenue
Apple EPS is expected to be around $2.70, according to sell-side analysts. Sales will likely be near $61.1 billion.
In the same quarter last year, Apple reported EPS of $2.10 on revenue of $52.8 billion. The analyst consensus estimate would
represent a 28.57 percent increase in the company's EPS figure. Revenue would be have grown 15.68 percent from the same quarter
last year. Apple's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter |
Q1 2018 |
Q4 2017 |
Q3 2017 |
Q2 2017 |
| EPS Estimate |
3.77 |
1.87 |
1.57 |
2.02 |
| EPS Actual |
3.89 |
1.97 |
1.67 |
2.1 |
Stock Performance
Over the last 52-week period, shares of Apple are up 15.04 percent. Analyst estimates are adjusted higher for EPS and revenues
over the past 90 days. The most common rating from analysts on Apple stock is a Neutral. The strength of this rating has maintained
conviction over the past three months.
Conference Call
Apple's Q2 is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed
here.
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