Apple Earnings Estimate

AAPL
 Stock
  

USD 174.07  1.04  0.60%   

Many public companies, such as Apple, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Apple's earnings estimates, investors can diagnose different trends across Apple's analyst sentiment over time as well as compare current estimates against different timeframes.
Apple is projected to generate 5.82 in earnings per share on the 31st of December 2022. Apple earnings estimates module stress-tests analyst consensus about projected Apple Inc EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please continue to Trending Equities.
  
Gross Profit is expected to hike to about 97.5 B this year, although the value of Profit Margin will most likely fall to 0.21.

Apple Earnings Estimation Breakdown

Calculation of earning per share of Apple Inc is based on official Zacks consensus of 9 analysts regarding Apple future annual earnings. Given the historical accuracy of 95.98%, the future earnings per share of Apple is estimated to be 5.82 with the lowest and highest values of 5.41 and 6.27, respectively. Please note that this consensus of annual earnings estimates for Apple Inc is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 6.05
5.41
Lowest
Expected EPS 5.82
6.27
Highest

Apple Earnings Projection Consensus

Suppose the current estimates of Apple's value are higher than the current market price of the Apple stock. In this case, investors may conclude that Apple is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Apple's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2022

9

95.98%

6.05

5.82

Apple Earnings History

Earnings estimate consensus by Apple Inc analysts from Wall Street is used by the market to judge Apple's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Apple's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Apple Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

26.59 Billion

Apple Earnings Before Interest Taxes and Depreciation Amortization EBITDA are relatively stable at the moment as compared to the past year. The company's current value of Earnings Before Interest Taxes and Depreciation Amortization EBITDA is estimated at 83.53 Billion. Earnings before Tax is expected to hike to about 70.9 B this year, although the value of Accumulated Retained Earnings Deficit will most likely fall to nearly 81.6 B. The value of Weighted Average Shares is estimated to pull down to about 20.2 B. The value of Weighted Average Shares Diluted is expected to pull down to about 20.3 B.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Apple's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Apple in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
173.02175.01177.00
Details
Intrinsic
Valuation
LowReal ValueHigh
156.66177.50179.49
Details
21 Analysts
Consensus
LowTarget PriceHigh
145.00180.31210.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Apple. Your research has to be compared to or analyzed against Apple's peers to derive any actionable benefits. When done correctly, Apple's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Apple Inc.
Note that many institutional investors and large investment bankers can move markets due to the volume of Apple assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Apple. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Apple stock price in the short term.

Apple Earnings per Share Projection vs Actual

Actual Earning per Share of Apple refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Apple Inc predict the company's earnings will be in the future. The higher the earnings per share of Apple, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Apple Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Apple, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Apple should always be considered in relation to other companies to make a more educated investment decision.

Apple Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Apple's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-07-28
2022-06-301.161.20.04
2022-04-28
2022-03-311.431.520.09
2022-01-27
2021-12-311.892.10.2111 
2021-10-28
2021-09-301.241.240
2021-07-27
2021-06-301.011.30.2928 
2021-04-28
2021-03-310.991.40.4141 
2021-01-27
2020-12-311.411.680.2719 
2020-10-29
2020-09-300.70.730.03
2020-07-30
2020-06-300.510.650.1427 
2020-04-30
2020-03-310.560.640.0814 
2020-01-28
2019-12-311.141.250.11
2019-10-30
2019-09-300.710.760.05
2019-07-30
2019-06-300.530.550.02
2019-04-30
2019-03-310.590.620.03
2019-01-29
2018-12-311.041.050.01
2018-11-01
2018-09-300.70.730.03
2018-07-31
2018-06-300.5450.5850.04
2018-05-01
2018-03-310.67250.68250.01
2018-02-01
2017-12-310.9650.97250.0075
2017-11-02
2017-09-300.46750.51750.0510 
2017-08-01
2017-06-300.39250.41750.025
2017-05-02
2017-03-310.5050.5250.02
2017-01-31
2016-12-310.80250.840.0375
2016-10-25
2016-09-300.4150.41750.0025
2016-07-26
2016-06-300.3450.3550.01
2016-04-26
2016-03-310.50.475-0.025
2016-01-26
2015-12-310.80750.820.0125
2015-10-27
2015-09-300.470.490.02
2015-07-21
2015-06-300.45250.46250.01
2015-04-27
2015-03-310.540.58250.0425
2015-01-27
2014-12-310.650.7650.11517 
2014-10-20
2014-09-300.32750.3550.0275
2014-07-22
2014-06-300.30750.320.0125
2014-04-23
2014-03-310.3650.4150.0513 
2014-01-27
2013-12-310.50250.51750.015
2013-10-28
2013-09-300.2850.2950.01
2013-07-23
2013-06-300.26250.26750.005
2013-04-23
2013-03-310.35750.360.0025
2013-01-23
2012-12-310.480.49250.0125
2012-10-25
2012-09-300.31250.31-0.0025
2012-07-24
2012-06-300.370.3325-0.037510 
2012-04-24
2012-03-310.35750.440.082523 
2012-01-24
2011-12-310.36250.4950.132536 
2011-10-18
2011-09-300.2650.2525-0.0125
2011-07-19
2011-06-300.20750.27750.0733 
2011-04-20
2011-03-310.19250.22750.03518 
2011-01-18
2010-12-310.19250.230.037519 
2010-10-18
2010-09-300.1450.1650.0213 
2010-07-20
2010-06-300.110.1250.01513 
2010-04-20
2010-03-310.08750.120.032537 
2010-01-25
2009-12-310.0750.130.05573 
2009-10-19
2009-09-300.050.0650.01530 
2009-07-21
2009-06-300.04250.04750.00511 
2009-04-22
2009-03-310.040.04750.007518 
2009-01-21
2008-12-310.050.06250.012525 
2008-10-21
2008-09-300.040.0450.00512 
2008-07-21
2008-06-300.03750.04250.00513 
2008-04-23
2008-03-310.03750.04250.00513 
2008-01-22
2007-12-310.230.250.02
2007-10-22
2007-09-300.120.140.0216 
2007-07-25
2007-06-300.10.130.0330 
2007-04-25
2007-03-310.090.120.0333 
2007-01-17
2006-12-310.110.160.0545 
2006-10-18
2006-09-300.070.090.0228 
2006-07-19
2006-06-300.060.080.0233 
2006-04-19
2006-03-310.060.070.0116 
2006-01-18
2005-12-310.090.090
2005-10-11
2005-09-300.050.050
2005-07-13
2005-06-300.040.050.0125 
2005-04-13
2005-03-310.030.050.0266 
2005-01-12
2004-12-310.030.050.0266 
2004-10-13
2004-09-300.010.020.01100 
2004-07-14
2004-06-300.010.010
2004-04-14
2004-03-310.010.010
2004-01-14
2003-12-310.010.010
2003-10-15
2003-09-30None0.01None
2003-07-16
2003-06-30None0.0009None
2003-04-16
2003-03-31None0.0007None
2003-01-15
2002-12-31None-0.0004None
2002-10-16
2002-09-30None-0.0022None
2002-07-16
2002-06-300.010.010
2002-04-18
2002-03-31None0.002None
2002-01-16
2001-12-310.010.010
2001-10-18
2001-09-30None0.0034None
2001-07-18
2001-06-30None0.003None
2001-04-18
2001-03-31None0.01None
2000-12-31
2000-12-31None-0.0103None
2000-10-18
2000-09-300.010.010
2000-07-18
2000-06-300.030.030
2000-04-19
2000-03-310.030.030
2000-01-19
1999-12-310.030.040.0133 
1999-10-13
1999-09-300.020.020
1999-07-14
1999-06-300.020.020
1999-04-14
1999-03-310.020.020
1999-01-13
1998-12-310.020.030.0150 
1998-10-14
1998-09-300.020.020
1998-07-15
1998-06-300.010.020.01100 
1998-04-15
1998-03-310.010.010
1998-01-14
1997-12-310.010.010
1997-10-15
1997-09-30None-0.0114None
1997-07-16
1997-06-30-0.02-0.020
1997-04-16
1997-03-31-0.04-0.05-0.0125 
1997-01-15
1996-12-31-0.02-0.03-0.0150 
1996-10-16
1996-09-30-0.010.00180.0118118 
1996-07-17
1996-06-30-0.04-0.020.0250 
1996-04-17
1996-03-31-0.05-0.07-0.0240 

About Apple Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Apple earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Apple estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Apple fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit98.3 B81.6 B
Earning Before Interest and Taxes EBIT66.4 B73.1 B
Earnings per Basic Share 2.32  2.66 
Earnings per Diluted Share 2.30  2.64 
Price to Earnings Ratio 16.63  19.09 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA76.6 B83.5 B
Earnings before Tax64.1 B70.9 B
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California. Apple operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 154000 people.

Apple Investors Sentiment

The influence of Apple's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Apple. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Apple's public news can be used to forecast risks associated with investment in Apple. The trend in average sentiment can be used to explain how an investor holding Apple can time the market purely based on public headlines and social activities around Apple Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Apple's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Apple's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Apple's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Apple.

Apple Implied Volatility

    
  28.4  
Apple's implied volatility exposes the market's sentiment of Apple Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Apple's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Apple stock will not fluctuate a lot when Apple's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Apple in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Apple's short interest history, or implied volatility extrapolated from Apple options trading.

Pair Trading with Apple

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apple will appreciate offsetting losses from the drop in the long position's value.

Moving together with Apple

0.8ACNAccenture Plc Fiscal Year End 22nd of September 2022 PairCorr
0.76ADBEAdobe Systems Fiscal Year End 15th of December 2022 PairCorr
The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apple Inc to buy it.
The correlation of Apple is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Apple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Apple Inc information on this page should be used as a complementary analysis to other Apple's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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Is Apple's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.077
Market Capitalization
2783.3 B
Quarterly Revenue Growth YOY
0.019
Return On Assets
0.22
Return On Equity
1.63
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine Apple value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.