Apple is not expected to beat earnings in the upcoming report, as the estimated EPS is $1.53, which is slightly above the previous year's EPS of $1.46. However, considering Apple's track record of exceeding analyst estimates, there is a possibility that the company may still beat earnings. The estimated revenue for the fourth quarter of fiscal 2024 is $94.56 billion, which is a 5.51% year-over-year growth1.
AAPL Estimate EPS, Estimate Revenue
- Analyst Expectations: Analysts expect Apple to report fourth-quarter fiscal 2024 revenues of $94.56 billion, which is a 5.51% year-over-year growth. This indicates a steady growth trajectory but does not suggest a significant beat on earnings1.
- Historical Performance: Apple has beaten analyst estimates for revenue in six straight quarters and nine of the last 10 quarters overall. This historical performance suggests that while Apple may not necessarily beat earnings, it has a strong track record of exceeding revenue expectations1.
- Product Announcements and Market Demand: The launch of the iPhone 16 and the introduction of Apple Intelligence are expected to be key drivers for Apple's performance. The iPhone 16 demand has been relatively stable year-over-year, and the introduction of Apple Intelligence could be a long-term demand driver12.
- Services Segment: The Services segment is expected to continue its steady growth, with Apple expecting a double-digit growth rate similar to the first three quarters of fiscal 2024. This growth in Services may help offset any potential weakness in the product segment13.
In conclusion, while Apple is not expected to beat earnings significantly, its track record of exceeding analyst estimates, combined with the potential growth from new product releases and the expanding Services segment, could still result in a positive surprise.
10/31/2024 03:31am
