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Chicago, IL – August 01, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple (NASDAQ:(AAPL - Free Report) – Free Report).
Although critics will say that Apple (NASDAQ:AAPL – Free Report) has lost some of its luster over the past few years, you better believe that investors will be paying attention when the world’s largest publicly-traded company releases its fiscal third-quarter financial results next week.
Apple has been one of Wall Street’s hottest stocks this year, but its scorching pace has slowed over the past two weeks as investors finally seem to be exercising some caution. The company appears to be having a supply chain issue that could threaten the release date of the iPhone 8, and concerns about a decorrelation effect tripped up several of our market leaders this week.
But neither of those potential issues should have a direct effect on the company’s upcoming earnings report, which is scheduled to be released after the closing bell on Tuesday.
So what’s in store for Apple this quarter? Well, our current Zacks Consensus Estimates are calling for earnings of $1.57 per share and revenue of $44.71 billion—results that would represent year-over-year growth of 10.56% and 5.55%, respectively.
Of course, earnings and revenue are just two of the many things investors will be looking at when Apple reports. Check out these three additional things to expect:
These consensus estimates are from our exclusive non-financial metrics estimate file. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here>>>
1. iPhone Sales Will Reach 40 Million Units
According to our consensus estimate, iPhone unit sales are projected to come in at 40.76 million this quarter. That would be a slight uptick from the 40.40 million units sold in the prior-year quarter, and considering the anticipation for Apple’s yet-to-be released models, any growth at all would be an encouraging sign for investors. Last quarter, Apple sold about 50.8 million phones, which missed our estimate of 51.2 million and slipped about 1% year-over-year.
2. China Revenues Will Rebound
Much has been made about Apple’s slumping revenues in the Greater China region, especially as regulatory pressure and competition from domestic manufacturers has increased over the past few years. In the second quarter, Apple’s revenues in the region slumped roughly 14%. However, according to our consensus estimates, the company could be in store for a slight turnaround. In fact, the latest figures are calling for revenues in Greater China to touch $9.36 billion, which would represent respectable growth of 5.8% from the prior-year quarter.
3. Services Unit Will Continue Its Explosion
Led by the insane growth of Apple Music, the company’s music streaming service that reportedly has more than 40 million users, Apple’s Services unit is expected to continue its insane growth. According to our latest consensus estimate, the segment is projected to bring in revenues of $7.07 billion this quarter, up more than 18% from the $5.98 billion that was recorded last year. That 18% growth rate was what Apple posted last quarter, so it will be interesting to see whether the company can continue this momentum.
Make sure to check back here for our full report once Apple reports on Tuesday!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Apple
For Immediate Release
Chicago, IL – August 01, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple (NASDAQ:(AAPL - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday’s Analyst Blog:
3 Key Predictions for Apple’s Q3 Earnings Report
Although critics will say that Apple (NASDAQ:AAPL – Free Report) has lost some of its luster over the past few years, you better believe that investors will be paying attention when the world’s largest publicly-traded company releases its fiscal third-quarter financial results next week.
Apple has been one of Wall Street’s hottest stocks this year, but its scorching pace has slowed over the past two weeks as investors finally seem to be exercising some caution. The company appears to be having a supply chain issue that could threaten the release date of the iPhone 8, and concerns about a decorrelation effect tripped up several of our market leaders this week.
But neither of those potential issues should have a direct effect on the company’s upcoming earnings report, which is scheduled to be released after the closing bell on Tuesday.
So what’s in store for Apple this quarter? Well, our current Zacks Consensus Estimates are calling for earnings of $1.57 per share and revenue of $44.71 billion—results that would represent year-over-year growth of 10.56% and 5.55%, respectively.
Of course, earnings and revenue are just two of the many things investors will be looking at when Apple reports. Check out these three additional things to expect:
These consensus estimates are from our exclusive non-financial metrics estimate file. These estimates are updated daily and are based on the independent research of expert stock analysts. Learn more here>>>
1. iPhone Sales Will Reach 40 Million Units
According to our consensus estimate, iPhone unit sales are projected to come in at 40.76 million this quarter. That would be a slight uptick from the 40.40 million units sold in the prior-year quarter, and considering the anticipation for Apple’s yet-to-be released models, any growth at all would be an encouraging sign for investors. Last quarter, Apple sold about 50.8 million phones, which missed our estimate of 51.2 million and slipped about 1% year-over-year.
2. China Revenues Will Rebound
Much has been made about Apple’s slumping revenues in the Greater China region, especially as regulatory pressure and competition from domestic manufacturers has increased over the past few years. In the second quarter, Apple’s revenues in the region slumped roughly 14%. However, according to our consensus estimates, the company could be in store for a slight turnaround. In fact, the latest figures are calling for revenues in Greater China to touch $9.36 billion, which would represent respectable growth of 5.8% from the prior-year quarter.
3. Services Unit Will Continue Its Explosion
Led by the insane growth of Apple Music, the company’s music streaming service that reportedly has more than 40 million users, Apple’s Services unit is expected to continue its insane growth. According to our latest consensus estimate, the segment is projected to bring in revenues of $7.07 billion this quarter, up more than 18% from the $5.98 billion that was recorded last year. That 18% growth rate was what Apple posted last quarter, so it will be interesting to see whether the company can continue this momentum.
Make sure to check back here for our full report once Apple reports on Tuesday!
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.