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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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 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.