Apple (Nasdaq: 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.
Revenue details
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.
EPS details
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.
Recent performance
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.
Looking ahead
The full year's average estimate for revenue is $190.58 billion. The average EPS estimate is $48.36.
Investor sentiment
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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