Apple Inc AAPL.OQ AAPL.O is expected to show a rise in quarterly revenue when it reports results on October 31 for the period ending January 1 0001
The Cupertino California-based company is expected to report a 5.7% increase in revenue to $94.56 billion from $89.5 billion a year ago, according to the mean estimate from 27 analysts, based on LSEG data.The company's guidance on August 1 2024, for the period ended September 30, was for revenue of $93.973 billion. (Revenue Majority is on Total Revenue basis)
LSEG's mean analyst estimate for Apple Inc is for earnings of $1.60 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 35 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Apple Inc is 241.00, above its last closing price of $233.40.
The company's guidance on August 1 2024 for the period ended September 30 was for gross profit margin between USD45.5% and USD46.5%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | 1.35 | 1.35 | 1.40 | Beat | 4 |
Jan. 1 2024 | 1.51 | 1.50 | 1.53 | Beat | 2 |
Dec. 31 2023 | 2.10 | 2.10 | 2.18 | Beat | 3.9 |
Sep. 30 2023 | 1.39 | 1.39 | 1.46 | Beat | 4.9 |
Jan. 1 0001 | 1.19 | 1.19 | 1.26 | Beat | 5.5 |
Jan. 1 0001 | 1.44 | 1.43 | 1.52 | Beat | 6 |
Jan. 1 0001 | 1.92 | 1.94 | 1.88 | Missed | -2.9 |
Jan. 1 0001 | 1.29 | 1.27 | 1.29 | Beat | 1.6 |
This summary was machine generated October 29 at 21:00 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
