We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: Apple, Facebook, Twitter, Spotify and Netflix
Read MoreHide Full Article
For Immediate Release
Chicago, IL –July 31, 2018 – 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 (AAPL - Free Report) , Facebook , Twitter , Spotify (SPOT) and Netflix (NFLX - Free Report) .
Here are highlights from Monday’s Analyst Blog:
iPhone Sales, Services Revenue & Other Key Estimates for Apple’s Q3
Shares of Apple slipped Monday after dipping late last week as investors assess what to make of AAPL stock and its upcoming financial results after Facebook and Twitter’s massive selloffs. So let’s take a look at what investors should expect from some of Apple’s biggest business units, including iPhone and Services, to see if there is real cause for concern.
Apple has actively expanded beyond the iPhone over the last few years, not only due to its outsized reliance on its flagship product but also because its Mac and iPad divisions have slowed. CEO Tim Cook’s company now aims to compete as a product maker and a services firm. Apple has expanded its music streaming offerings to take on Spotify, while also preparing to battle Netflix, and others with its own streaming TV platform.
Apple’s fiscal third-quarter revenues are projected to climb by over 15% to hit $52.37 billion, based on our current Zacks Consensus Estimate. At the other end of the income statement, Apple is expected to see its adjusted Q3 earnings surge by nearly 30% to hit $2.17 per share.
These top and bottom line estimates are beneficial, yet we also need to know how Apple’s individual business segments are projected to perform since they might dictate AAPL’s stock price movement following its quarterly earnings release Tuesday and beyond. Luckily, we can turn to our exclusive non-financial metrics consensus estimate file to prepare.
The Zacks Consensus NFM file contains detailed estimate data for business segment metrics and non-financial metrics reported by companies. The data is acquired from digest and contributing broker models and includes the independent research of expert stock market analysts.
iPhone
Based on our latest NFM estimates, Apple’s total iPhone unit sales are projected to hit 41.298 million, which would mark a less than 1% climb from the 41.026 million smartphones Apple sold in the year-ago quarter. iPhone unit sales climbed by approximately 3% during Apple’s fiscal Q2 to touch 52.217 million.
Moving on, Apple’s total iPhone revenues are projected to surge over 15% from $24.846 billion to $28.647 billion. Investors will note the significant difference between total expected unit sales growth and iPhone revenue expansion, which illuminates just how much the high-priced iPhone X has helped Apple. Last quarter, iPhone revenues hit $38.032 billion, which represented a 14% climb.
Services
Lastly, Wall Street will also focus on Apple’s growing Services business that features iTunes, AppleCare, Apple Pay, and Apple Music. Apple’s Services unit is projected to see its revenues climb by nearly 29% from $7.266 billion to reach $9.344 billion.
Apple saw its Services business revenues soar by 31% last quarter to hit $9.190 billion, which outpaced iPhone, iPad, and Mac’s combined growth.
Make sure to check back here for our full analysis of Apple’s actual results after market close on Tuesday!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: Apple, Facebook, Twitter, Spotify and Netflix
For Immediate Release
Chicago, IL –July 31, 2018 – 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 (AAPL - Free Report) , Facebook , Twitter , Spotify (SPOT) and Netflix (NFLX - Free Report) .
Here are highlights from Monday’s Analyst Blog:
iPhone Sales, Services Revenue & Other Key Estimates for Apple’s Q3
Shares of Apple slipped Monday after dipping late last week as investors assess what to make of AAPL stock and its upcoming financial results after Facebook and Twitter’s massive selloffs. So let’s take a look at what investors should expect from some of Apple’s biggest business units, including iPhone and Services, to see if there is real cause for concern.
Apple has actively expanded beyond the iPhone over the last few years, not only due to its outsized reliance on its flagship product but also because its Mac and iPad divisions have slowed. CEO Tim Cook’s company now aims to compete as a product maker and a services firm. Apple has expanded its music streaming offerings to take on Spotify, while also preparing to battle Netflix, and others with its own streaming TV platform.
Apple’s fiscal third-quarter revenues are projected to climb by over 15% to hit $52.37 billion, based on our current Zacks Consensus Estimate. At the other end of the income statement, Apple is expected to see its adjusted Q3 earnings surge by nearly 30% to hit $2.17 per share.
These top and bottom line estimates are beneficial, yet we also need to know how Apple’s individual business segments are projected to perform since they might dictate AAPL’s stock price movement following its quarterly earnings release Tuesday and beyond. Luckily, we can turn to our exclusive non-financial metrics consensus estimate file to prepare.
The Zacks Consensus NFM file contains detailed estimate data for business segment metrics and non-financial metrics reported by companies. The data is acquired from digest and contributing broker models and includes the independent research of expert stock market analysts.
iPhone
Based on our latest NFM estimates, Apple’s total iPhone unit sales are projected to hit 41.298 million, which would mark a less than 1% climb from the 41.026 million smartphones Apple sold in the year-ago quarter. iPhone unit sales climbed by approximately 3% during Apple’s fiscal Q2 to touch 52.217 million.
Moving on, Apple’s total iPhone revenues are projected to surge over 15% from $24.846 billion to $28.647 billion. Investors will note the significant difference between total expected unit sales growth and iPhone revenue expansion, which illuminates just how much the high-priced iPhone X has helped Apple. Last quarter, iPhone revenues hit $38.032 billion, which represented a 14% climb.
Services
Lastly, Wall Street will also focus on Apple’s growing Services business that features iTunes, AppleCare, Apple Pay, and Apple Music. Apple’s Services unit is projected to see its revenues climb by nearly 29% from $7.266 billion to reach $9.344 billion.
Apple saw its Services business revenues soar by 31% last quarter to hit $9.190 billion, which outpaced iPhone, iPad, and Mac’s combined growth.
Make sure to check back here for our full analysis of Apple’s actual results after market close on Tuesday!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.