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Seeking Clues to Apple (AAPL) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Analysts on Wall Street project that Apple (AAPL - Free Report) will announce quarterly earnings of $1.98 per share in its forthcoming report, representing an increase of 7% year over year. Revenues are projected to reach $112.95 billion, increasing 10.2% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Apple metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Net Sales by Category- Wearables, Home and Accessories' should come in at $9.00 billion. The estimate points to a change of -0.1% from the year-ago quarter.
The average prediction of analysts places 'Net Sales by Category- iPhone' at $57.18 billion. The estimate indicates a year-over-year change of +16.6%.
The consensus estimate for 'Net Sales by Category- iPad' stands at $6.54 billion. The estimate points to a change of -5.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales by Category- Mac' should arrive at $9.56 billion. The estimate indicates a year-over-year change of +9.6%.
Analysts forecast 'Net Sales- Products' to reach $81.46 billion. The estimate points to a change of +10.5% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Services' will reach $31.50 billion. The estimate indicates a change of +9.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Gross margin- Services' will likely reach $23.76 billion. Compared to the present estimate, the company reported $21.64 billion in the same quarter last year.
The collective assessment of analysts points to an estimated 'Gross margin- Products' of $29.91 billion. Compared to the present estimate, the company reported $26.70 billion in the same quarter last year.
Over the past month, shares of Apple have returned +5.4% versus the Zacks S&P 500 composite's -0.2% change. Currently, AAPL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Seeking Clues to Apple (AAPL) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Analysts on Wall Street project that Apple (AAPL - Free Report) will announce quarterly earnings of $1.98 per share in its forthcoming report, representing an increase of 7% year over year. Revenues are projected to reach $112.95 billion, increasing 10.2% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Apple metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Net Sales by Category- Wearables, Home and Accessories' should come in at $9.00 billion. The estimate points to a change of -0.1% from the year-ago quarter.
The average prediction of analysts places 'Net Sales by Category- iPhone' at $57.18 billion. The estimate indicates a year-over-year change of +16.6%.
The consensus estimate for 'Net Sales by Category- iPad' stands at $6.54 billion. The estimate points to a change of -5.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales by Category- Mac' should arrive at $9.56 billion. The estimate indicates a year-over-year change of +9.6%.
Analysts forecast 'Net Sales- Products' to reach $81.46 billion. The estimate points to a change of +10.5% from the year-ago quarter.
The consensus among analysts is that 'Net Sales- Services' will reach $31.50 billion. The estimate indicates a change of +9.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Gross margin- Services' will likely reach $23.76 billion. Compared to the present estimate, the company reported $21.64 billion in the same quarter last year.
The collective assessment of analysts points to an estimated 'Gross margin- Products' of $29.91 billion. Compared to the present estimate, the company reported $26.70 billion in the same quarter last year.
Analysts' assessment points toward 'Cost of Sales- Services' reaching $7.75 billion.
It is projected by analysts that the 'Cost of Sales- Products' will reach $51.58 billion.
View all Key Company Metrics for Apple here>>>Over the past month, shares of Apple have returned +5.4% versus the Zacks S&P 500 composite's -0.2% change. Currently, AAPL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .