“Apple Inc. is set to report fourth-quarter earnings after the market’s close on Tuesday,” Jennifer Booton reports for MarketWatch. “Analysts expect Apple to report earnings per share of $1.88, up from $1.42 in the year-earlier period… Apple has surpassed the FactSet consensus in the last 11 consecutive fiscal quarters.”
“Sell-side analysts expect Apple to report revenue of $50.9 billion, according to FactSet, up from $42.1 billion in the same period last year,” Booton reports. “In July, Apple forecast revenue between $49 billion and $51 billion.”
Booton reports, “While analysts are mostly optimistic on Apple heading into this quarter — Stifel raised its fourth-quarter 2015 and first-quarter 2016 estimates on iPhone average selling prices this week, citing demand for Apple’s higher-priced and bigger-screen iPhones — there are a few outliers worried about iPhone sales, especially given the comparison with 2014’s record-breaking year for device sales and the company’s reliance on China, which economy proved fragile last quarter.”
Read more in the full article here.
MacDailyNews Note: Apple’s conference call to discuss fourth fiscal quarter results is scheduled for Tuesday, October 27, 2015 at 2:00 p.m. PT / 5:00 p.m. ET. As usual, we expect earnings results after market close, right around 1:30pm PDT / 4:30pm EDT.
We’ll bring you the results as soon as they are available and follow that up with live notes from Apple’s conference call. Check our home page around 4:30pm EDT for the results and around 4:45pm EDT for the link to our live coverage.
On July 21, 2015, Apple provided the following guidance for its fiscal 2015 fourth quarter:
• revenue between $49 billion and $51 billion
• gross margin between 38.5 percent and 39.5 percent
• operating expenses between $5.85 billion and $5.95 billion
• other income/(expense) of $400 million
• tax rate of 26.3 percent
Apple to release Q415 earnings, webcast live conference call on October 27th – October 8, 2015