Apple (Nasdaq: AAPL ) is expected to report Q2 earnings around April 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 grow 8.6% and EPS will compress -18.2%.
The average estimate for revenue is $42.57 billion. On the bottom line, the average EPS estimate is $10.06.
Last quarter, Apple logged revenue of $54.51 billion. GAAP reported sales were 18% higher than the prior-year quarter's $46.33 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $13.81. GAAP EPS of $13.81 for Q1 were 0.4% lower than the prior-year quarter's $13.87 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 38.6%, 610 basis points worse than the prior-year quarter. Operating margin was 31.6%, 580 basis points worse than the prior-year quarter. Net margin was 24.0%, 420 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $180.25 billion. The average EPS estimate is $43.55.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 27,583 members out of 29,879 rating the stock outperform, and 2,296 members rating it underperform. Among 5,506 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 5,258 give Apple a green thumbs-up, and 248 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 $734.63.
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