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.

Analyst Trends:

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.

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Earnings Trends:

Here’s how Apple has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Apple has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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