The consensus forecast among analysts polled by Thomson Reuters for Apple’s Q4 earnings is $51.11B, up 21.3% year-on-year. This would be slightly above the top end of Apple’s guidance of $49-51B reportsRe/code. Analysts predict unadjusted net profit of $10.72 billion, or $1.88 per AAPL share – up from $1.42 per share last year …
Apple will report its earnings later today. The stock was looking set to see a 7.9% gain for the year until yesterday, when it fell sharply to a little over $115.
Analysts are forecasting that Apple sold around 48M iPhones in the quarter, 24% up on the same quarter last year – in large part because the new iPhones went on sale in China from the opening weekend. Investor reaction is expected to hinge more on Apple’s guidance for the holiday season than on the numbers it reports today.
KGI expects both iPad and Mac sales to have fallen year-on-year. There is nothing even approaching a consensus estimate of Apple Watch sales, but that’s a number Apple is unlikely to reveal.
We’ll of course be bringing you full coverage of the actual numbers as soon as they are announced.
FTC: We use income earning auto affiliate links. More.
This prediction is 1) at the high end of expectations and 2) would be greater YOY growth than Google showed (13%). However, the corkscrew thinking in the market would have APPL heading down with almost any level of profit growth. It is going to be tough to top last year’s Christmas quarter and that will have folks nervous.
And if Apple is off just a tiny smidgeon from this prediction, they will act like Apple is going down the toilet.
Which is why I say F**K the analysts! they have no “skin in the game” – yet the markets treat them and their predictions like Words From GOD!
It’s groundhog day!
Let’s see what insignificant tiny detail analysts will find this afternoon that will justify (in their minds) a negative outlook for AAPL.
Of course the the stock will tank, despite posting record sales and profits that are 20% her year-over-year. AAPL was at $105 one year ago, so logic would dictate a 20% appreciation to $126 at the end of closing.
GOOGL will continue to have a PE of around 34 while APPL hovers at 13.5 despite consistently producing 2.5-3x sales and profit of the search engine/advertising firm.
“20% her year-over-year” – meant *higher*
These analysts are deliberately predicting the upper end of Apple’s guidance, hoping it’ll be lower so Apple stock drops again, the buggers!
Apple Profits at high end = China made it that way, nothing special…sell
Apple Profits at low end = This is with China included, nothing special…sell
Apple Profits right in the sweet spot = Ok, but the law of large numbers means this was the last hurrah, nothing special…sell
always exciting times when aapl releases earnings. wonder when the car is coming out ?