Apple earnings: what to look for from AAPL

What happened

Apple is due to report results on Monday afternoon. The article says it beat analysts’ revenue and earnings-per-share estimates last quarter, with revenue of $109.4 billion, up 16.4% from a year earlier. For this quarter, the market expects revenue growth of 10.8% year on year.

Confirmed

Global impact / market context

The report will show whether Apple’s sales growth is keeping pace with the 10.8% investors expect. Revenue above or below that pace could change expectations for future sales and profit, influencing how investors value the shares; the article gives no current share-price reaction.

Analyst inference

The article describes last quarter’s revenue and earnings-per-share results as beats, while this quarter’s expected revenue growth is lower than the prior quarter’s 16.4% increase. Analysts generally reaffirmed estimates over the past 30 days, indicating little change in their outlook.

Confirmed

What to watch

1. Apple’s reported revenue compared with the 10.8% year-on-year growth expected; a shortfall or stronger result could shift investors’ views of the company’s sales outlook. Analyst inference
2. The company’s earnings per share, or profit allocated to each share, and whether it beats analysts’ estimates again; the article provides no forecast for this measure. Analyst inference
3. Analysts’ estimates were generally reconfirmed over the past 30 days, according to the article; any changed estimates around the report could signal a revised view of expected performance. Confirmed

Evidence

• stockstory.org