The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Apple's revenues will increase 28.0% and EPS will grow 25.5%.
The average estimate for revenue is $36.18 billion. On the bottom line, the average EPS estimate is $8.85.
Last quarter, Apple recorded revenue of $35.02 billion. GAAP reported sales were 23% higher than the prior-year quarter's $28.57 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 $9.32. GAAP EPS of $9.32 for Q3 were 20% higher than the prior-year quarter's $7.79 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 42.8%, 110 basis points better than the prior-year quarter. Operating margin was 33.0%, 20 basis points better than the prior-year quarter. Net margin was 25.2%, 40 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $157.12 billion. The average EPS estimate is $44.42.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 26,314 members out of 28,624 rating the stock outperform, and 2,310 members rating it underperform. Among 6,333 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 6,111 give Apple a green thumbs-up, and 222 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 $746.15.
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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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend 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.