Apple Earnings Preview: Get Ahead of the Analysts
Apple (NASDAQ:AAPL) will report earnings after markets close today, Tuesday, July 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 $7.32 per share on revenues of $35.11 billion. Currently, the company’s P/E ratio stands at 10.11.
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 $10.48 to a profit $8.15. For the current year, the average estimate is a profit of $39.5, which is worse than the estimate ninety days ago.
Here’s how Apple has been performing on an annual basis:
|Revenue ($) in millions||32,479||42,905||65,225||108,249||156,508|
|Diluted EPS ($)||5.36||6.29||15.15||27.68||44.15|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||35,023.00||35,966.00||54,512.00||43,603.00|
|Diluted EPS ($)||9.32||8.67||13.81||10.09|
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)