All eyes on Apple’s earnings report later today; what to expect

Apple after the close reports fiscal Q419 results today (we’ll publish the results right around 1:30pm PDT / 4:30pm EDT). Apple’s conference call to discuss fourth fiscal quarter results is scheduled to follow shortly thereafter at 2:00pm PDT / 5:00pm EDT.

Eric J. Savitz for Barron’s:

The consensus view on Wall Street is that revenue for Apple’s latest quarter will come in at $62.9 billion, pancake flat with the figure a year ago.

Apple’s guidance for the quarter calls for revenue of $61 billion to $64 billion, with gross margins of 37.5% to 38.5%. Analysts expect profits of $2.84 a share, which would be down from $2.91 in the year-ago quarter.

The consensus view is that revenue growth will revive in coming quarters as the company expands its services business and begins to sell the 5G iPhones.

MacDailyNews Take: The current consensus EPS estimate is $2.84 (-2.4% Y/Y) and the consensus revenue estimate is $63.07B (+0.3% Y/Y).


  1. Apple may be performing okay but despite the potus spin, the economy has slowed. 1.9% gdp growth for the 3rd qtr. the fed is being pressured to cut its rates, belying the narrative that this admin has delivered a strong economy. this admin offered trickledown, Apple and other rich companies have bought stock to keep the wall st casino looking good and exec bonuses high. short term thinking!

    with fundamentals eroding, how long can they keep up the charade? trade is down. agriculture unable to sell crops. manufacturing down. wages flat. record federal deficits. global refugee crises and endless war taking priority over infrastructure renewal.

    consumers might keep economy afloat through the holidays as they always do but it’s plainly obvious this potus is driving the economy off a cliff.

    1. As long as the big guys are still making money then who cares. That is all the matters in the end, right?

      Apple is up 50% YTD (although only 10% over the last 12 months. I would expected some serious profit taking to happen soon. The stock could easily drop 20 points for no apparent reason.

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