What do the analysts expect from Apple’s Q316 earnings?

“Apple will be announcing its fiscal 3Q16 results on July 26, 2016,” Adam Rogers reports for Market Realist. “Analysts expect the firm to post revenues of $42.03 billion for the quarter, which ended in June 2016, with a low estimate of $41.16 billion and a high estimate of $43.29 billion.”

“Apple’s EPS (earnings per share) are expected to be $1.39, with a high estimate of $1.52 and a low estimate of $1.23,” Rogers reports. “If Apple meets analyst revenue estimates of $42.03 billion, it would still mean a YoY (year-over-year) decline of 15.3% over 3Q15.”

“Apple beat its analyst estimate for EPS in 3Q15 by 2.2%, when the firm announced EPS of $1.85. Apple also beat the analyst EPS estimate in 4Q15 and 1Q16, by 4.3% and 1.5%, respectively,” Rogers reports. “The company, however, posted EPS 5% lower than the analyst estimate in 2Q16.”

Read more in the full article here.

MacDailyNews Note: On April 26, 2016, Apple provided the following guidance for Q316:
• revenue between $41 billion and $43 billion
• gross margin between 37.5 percent and 38 percent
• operating expenses between $6 billion and $6.1 billion
• other income/(expense) of $300 million
• tax rate of 25.5 percent

Apple to release Q316 earnings, webcast live conference call on July 26th – June 28, 2016


  1. You have to admire the skill of the analysts, I don’t know how they manage to work it out all by themselves.

    In April, Apple forecasted that they will gross between $41 billion and $43 billion. Those awfully clever analyst have now worked out that Apple is expected to make somewhere between $41.46 billion and $43.29 billion.

    It must take extraordinary abilities to add those couple of decimal places to the figures that Apple supplied nearly three months ago.

    1. I expect you to provide more accurate estimates of Apple earnings. Rather than criticize others why don’t you provide your own estimate Apple’s earnings so here so the whole world can bask in your greatness. Otherwise STFU.

      1. When we are only a few days away from the actual results, I simply don’t give a damn about anybody’s guess. Apple provided their best estimate for guidance three months ago and next week will provide precise results. It’s patently absurd for analysts to make guesses to two decimal places, but over a range of greater than 5%.

        Estimates from analysts have proved to be hopelessly unreliable for many years, but inexplicably, they still have an influence. The world would be a better place if the analysts were to STFU.

      1. It’s called an estimate. It involves complex assessment of market factors. Obviously, a person like you who is ignorant would describe something you cannot understand as “lies”. Analysts have a vested interest in as closely predicting Apple’s earnings and profits as possible because this is how they feed themselves, clothe themselves, house themselves, etc. If they “lied” habitually they would lose credibility and income. Is this something you can understand.

    2. Actually Alan, it does take extraordinary abilities to add a couple of decimal places.

      For instance (and I’ll bet you or the people that gave you 5 Star ratings didn’t know this) that generally, when Apple guides negative Net Income growth Apple’s results average a mere 0.48% variance, inclusive of Standard Deviation adjustments.

      Further, when Apple guides net income growth that variance expands to 4.94%.

      Of course, the variance is adjusted to the degree by which Apple guides net income decline/growth against an analysts interpretation of a macro economic (world) backdrop.

      That you are ignorant of the factors leading to Revenue and EPS estimates tells me you should not be investing without professional supervision.

      1. Tell that to the house I live in, which was fully paid for in cash and is entirely mortgage free, largely because of the success of my combination of long term investments and short term trading in AAPL.

        I would also add that my professional financial advisor was strongly against me investing in AAPL at the time and instead was trying to persuade me instead to invest in a large company which subsequently went spectacular broke.

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