The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Apple's revenues will decrease -0.2% and EPS will decrease -21.8%.
The average estimate for revenue is $34.97 billion. On the bottom line, the average EPS estimate is $7.29.
Last quarter, Apple notched revenue of $43.60 billion. GAAP reported sales were 11% higher than the prior-year quarter's $39.19 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 $10.09. GAAP EPS of $10.09 for Q2 were 18% lower than the prior-year quarter's $12.30 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 37.5%, 990 basis points worse than the prior-year quarter. Operating margin was 28.8%, much worse than the prior-year quarter. Net margin was 21.9%, 780 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $170.65 billion. The average EPS estimate is $39.43.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 27,859 members out of 30,161 rating the stock outperform, and 2,302 members rating it underperform. Among 5,655 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 5,435 give Apple a green thumbs-up, and 220 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 $597.46.
Looking to profit from the makers of computer hardware? You may be missing something obvious about where the money will be made in the tech industry of the future. Is Apple on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Apple to My Watchlist.