Apple is predicted to report revenue of $1.54 per share for the most recent quarter, representing an improvement of +5.5% from last year. Therefore, investors might expect a decent trading opportunity upon the report's release.
Apple Inc. (AAPL) Quarterly Earnings Projection
In the most recent quarter, Apple stated $85.78 billion in revenue, a +4.9% increase from the previous year. EPS of $1.40 for this period is comparable to $1.26 for last year's time frame.
The disclosed revenues are a +1.59% surprise compared to the $84.43 billion Analysts Consensus Projection. The surprise in EPS was +4.48%.
Even though earnings growth is perhaps the best measure of a business's financial condition, nothing happens if a company can't increase its revenues. After all, without revenue growth, it is almost impossible for a business to sustain a long-term increase in earnings. Therefore, understanding a company's potential for revenue growth is crucial.
Apple's current quarter consensus revenue forecast of $94.43 billion indicates a +5.5% year-over-year transformation. The $390.54 billion and $421.48 billion projections for the present and upcoming fiscal years indicate changes of +1.9 % and +7.9 %.
In the last four quarters, the company has exceeded consensus EPS forecasts and consistently exceeded consensus revenue projections.
