Apple Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Apple, Inc. (NASDAQ:AAPL) will unveil its latest earnings on Tuesday, April 24, 2012. Apple offers a range personal computers, mobile devices, and portable digital music and video players. The company also sells related software, services, peripherals, and networking solutions.

Apple, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $9.86 per share, a rise of 54.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $7.97. Between one and three months ago, the average estimate moved up. It has risen from $9.60 during the last month. For the year, analysts are projecting profit of $44.05 per share, a rise of 59.1% from last year.

Last quarter, the company came in at net income of $13.87 per share against a mean estimate of profit of $10.07 per share, beating estimates after missing them in the previous quarter. In the fourth quarter of the last fiscal year, it missed forecasts by 26 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 47.9% in revenue from the year-earlier quarter to $36.49 billion.

Analyst Ratings: Analysts are bullish on this stock, with 37 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the first quarter, profit rose more than twofold to $13.06 billion ($13.87 a share) from $6 billion ($6.43 a share) the year earlier, exceeding analyst expectations. Revenue rose 73.3% to $46.33 billion from $26.74 billion.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 69.2% over the last four quarters.

After experiencing income increases the last three quarters, Apple Inc (NASDAQ:AAPL) is hoping to keep the good news coming with this earnings announcement. Net income rose more than twofold in the third quarter of the last fiscal year and 53.7% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Stock Price Performance: Between January 23, 2012 and April 18, 2012, the stock price rose $180.93 (42.3%), from $427.41 to $608.34. The stock price saw one of its best stretches over the last year between February 2, 2012 and February 14, 2012, when shares rose for nine straight days, increasing 11.9% (+$54.34) over that span. It saw one of its worst periods between September 23, 2011 and October 4, 2011 when shares fell for eight straight days, dropping 7.9% (-$31.80) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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