Apple (AAPL - Free Report) is set to release third-quarter fiscal 2018 earnings on Jul 31.
As usual with the company, iPhone shipment growth will hog the limelight, in this seasonally slow quarter. However, performance of the service business and wearables will also be eagerly watched by investors in order to get a measure of the success of the company’s revenue diversification strategy.
Impressive Earnings Trend
Apple beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average positive surprise being 5.10%.
The company’s second-quarter fiscal 2018 earnings of $2.73 per share and revenues of $61.14 billion beat the Zacks Consensus Estimate of $2.69 and $60.99 billion, respectively.
For third-quarter fiscal 2018, the Zacks Consensus Estimate for revenues is currently pegged at $52.37 billion, reflecting year-over-year growth of almost 15.3%.
Moreover, the Zacks Consensus Estimate for earnings has remained steady at $2.19 over the last seven days, reflecting year-over-year growth of 31.1%.
Apple Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Apple (AAPL - Free Report) is set to release third-quarter fiscal 2018 earnings on Jul 31.
As usual with the company, iPhone shipment growth will hog the limelight, in this seasonally slow quarter. However, performance of the service business and wearables will also be eagerly watched by investors in order to get a measure of the success of the company’s revenue diversification strategy.
Impressive Earnings Trend
Apple beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average positive surprise being 5.10%.
The company’s second-quarter fiscal 2018 earnings of $2.73 per share and revenues of $61.14 billion beat the Zacks Consensus Estimate of $2.69 and $60.99 billion, respectively.
For third-quarter fiscal 2018, the Zacks Consensus Estimate for revenues is currently pegged at $52.37 billion, reflecting year-over-year growth of almost 15.3%.
Moreover, the Zacks Consensus Estimate for earnings has remained steady at $2.19 over the last seven days, reflecting year-over-year growth of 31.1%.
Apple Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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