“With plenty of market anticipation, Apple Inc. will report its 2015 third fiscal quarter results on Tuesday after the closing bel,” Kieren Dwyer reports for Yahoo Finance.
“Estimize currently have over 400 estimates for Apple, and is expecting EPS to be $1.86 and revenues to come in at $49.476 billion,” Dwyer reports. “Wall Street, to no surprise, is predicting lower figures than Estimize and forecasts EPS of $1.79 and revenues of $49.092 billion.”
“Investors will be eager to hear more information regarding the company’s expansion into China,” Dwyer reports. “This report will be the first opportunity for investors to get a reading on Apple Watch sales.”
Read more in the full article here.
“The average analyst revenue estimate is $49.3 billion versus $37.4 billion last year, according to data compiled by S&P Capital IQ,” Lawrence Lewitinn reports for Yahoo Finance. “Earnings for the quarter are forecasted at an average of $1.81 per share, a 41% increase from the previous year.”
“Investors are paying close attention to Apple’s cash hoard. In its last reported quarter, Apple had $194 billion in cash and equivalents plus investments,” Lewitinn reports. “To put that in perspective, only 15 companies in the S&P 500 — including Apple — have a market cap larger than Apple’s coffers.”
Read more in the full article here.
MacDailyNews Note: Using consensus estimates from analysts polled by Thomson Reuters, Wall Street expects Apple to report EPS of $1.80, or $49.26 billion in revenue, and a net income increase of 31.6% year over year.
After market close, we’ll bring you Apple’s earnings results right around 1:30pm PDT/4:30pm EDT and follow that up with our usual live notes from Apple’s Q315 conference call with analysts.