Will Apple Beat These Analyst Estimates?
Apple (NAS: AAPL) is expected to report Q1 earnings on Jan. 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Apple's revenues will increase 18.3% and EPS will shrink -2.7%.
The average estimate for revenue is $54.83 billion. On the bottom line, the average EPS estimate is $13.49.
Last quarter, Apple tallied revenue of $35.97 billion. GAAP reported sales were 27% higher than the prior-year quarter's $28.27 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $8.67. GAAP EPS of $8.68 for Q4 were 23% higher than the prior-year quarter's $7.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 40.0%, 30 basis points worse than the prior-year quarter. Operating margin was 30.4%, 40 basis points worse than the prior-year quarter. Net margin was 22.9%, 50 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $190.58 billion. The average EPS estimate is $48.36.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 26,894 members out of 29,220 rating the stock outperform, and 2,326 members rating it underperform. Among 5,949 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 5,707 give Apple a green thumbs-up, and 242 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Apple is outperform, with an average price target of $786.90.
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The article Will Apple Beat These Analyst Estimates? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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