What to expect when Apple reports Q318 earnings next Tuesday

“Apple is set to release third-quarter fiscal 2018 earnings on July 31,” Zacks Equity Research writes for Yahoo Finance. “As usual with the company, iPhone shipment growth will hog the limelight, in this seasonally slow quarter. However, performance of the service business and wearables will also be eagerly watched by investors in order to get a measure of the success of the company’s revenue diversification strategy.”

“Apple beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average positive surprise being 5.10%. The company’s second-quarter fiscal 2018 earnings of $2.73 per share and revenues of $61.14 billion beat the Zacks Consensus Estimate of $2.69 and $60.99 billion, respectively,” Zacks writes. “For third-quarter fiscal 2018, the Zacks Consensus Estimate for revenues is currently pegged at $52.37 billion, reflecting year-over-year growth of almost 15.3%. Moreover, the Zacks Consensus Estimate for earnings has remained steady at $2.19 over the last seven days, reflecting year-over-year growth of 31.1%.”

“For the third quarter, the Zacks Consensus Estimate for total iPhone units is pegged at 41.29 million,” Zacks writes. “The Zacks Consensus Estimate for revenues from iPhone is pegged at $28.65 billion.”

Read more in the full article here.

MacDailyNews Note: Apple reports Q318 results on Tuesday, July 31, 2018, at market close. Check our homepage right around 1:30pm PDT / 4:30pm EDT next Tuesday for the results.

13 Comments

    1. Along with the old excitement we used to have for the fruity company. Apple is huge now and you think would hugely deliver on all fronts but sadly it’s not the case. Cupertino seems more like an idle morgue these days of stillborn execution. When they had less in the old days they seem to do more.

          1. “Also how he wasn’t the best judge of who should rule in his stead.”

            Oh, I don’t know about that, he didn’t select you. Clearly, he was smarter than you think.

            1. It’s funny, isn’t it, how the logic of capitalism can grind our desires into dust, and betray what we were tricked into thinking were our best interests – ? Ah yes, we like to smile when we are the comfortable, preening insiders – until the day we are sideswiped by circumstance, and can only whine at the injustice of it all.

      1. What Apple products have you purchased in the past few years? I suspect none. Folks who have actually bought Apple’s latest products aren’t the ones griping about Apple’s lack of innovation. We are too busy enjoying our fantastic new Apple products.

        1. Just a Mac Book Pro, iPhone X, iPod Touch, Apple Watch and iPad Pro – practically nothing.

          Woulda bought an updated $$$$ 2016, 2017 or 2018 modular Mac Pro if one had been offered worth buying. For those who have real work to do only a Mac Pro will do. Currently using a beefed up 2010 Mac Pro. You know the way older Macs used to be able to be upgraded?

          Glad your “fantastic” machines finally got their keyboards and CPU throttling fixed. Or perhaps you enjoy a sealed up iMac Pro? Call me when Thunderbolt 3 is no longer fast enough and you spent $8,000 for it.

    2. AAPL’s average gain for the last 7 years (Friday Close prior to earnings/conference call to 7 trading day later) is 3.03%. For this period (FY2011 through FY2017) AAPL went up six of seven years.

      Only dunderheads that don’t know what they speak of would think otherwise.

  1. consensus — “You keep using that word. I do not think it means what you think it means.”

    You have a consensus when you have an agreement. The mere averaging of numbers that do not agree does not an agreement make.

    Smart people will agree with me.

  2. I expect Apple to beat earnings tomorrow since Cook
    Is off to another of his parades. First one to a trillion
    wins,!but AMZN looks like there is no end in sight.
    Cooks focus needs to be solely on Apple because he
    hasnt yet invented anything. A bulky square watch is not an invention.

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