Apple Earnings Preview: Get Ahead of the Analysts
Apple (NASDAQ:AAPL) will report earnings after markets close on Tuesday, April 23rd. Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
Here is your Cheat Sheet to Apple Earnings:
Earnings Expectations: Analysts expect earnings of $10.13 per share on revenues of $42.68 billion. Currently, the company’s P/E ratio stands at 8.89.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $11.12 to a profit $9.28. For the current year, the average estimate is a profit of $43.9, which is worse than the estimate ninety days ago.
Here’s how Apple has been performing on an annual basis:
|Revenue ($) in millions||37,490||42,900||65,220||108,250||156,510|
|Diluted EPS ($)||6.78||9.08||15.15||27.68||44.15|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||46,330||39,190||35,020||35,970||54,510|
|Diluted EPS ($)||13.87||12.30||9.32||8.66||13.81|
Apple has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)