Apple will report its fiscal second quarter earnings on Tuesday, April 30, 2019. Here’s what Wall Street is expecting.
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Apple is set to report earnings for its fiscal fourth quarter on Thursday, Oct. 29, after the market close. The iPhone maker is expected to report earnings of $2.78 per share on revenue of $62.90 billion, according to analysts surveyed by Refinitiv.
Apple’s Fiscal Year
Apple’s fiscal year begins on the first of November and ends on the last day of October. This is different from the calendar year, which begins on January 1st and ends on December 31st. Apple usually reports earnings for each quarter within 45 days of the end of that quarter.
For example, Apple reported earnings for Q1 (the first quarter of their fiscal year) on January 29th, 2019. This was within 45 days of the end of Q1, which was December 29th, 2018.
Apple’s Quarterly Earnings
Apple is set to report its fiscal fourth quarter earnings on Thursday, October 29, 2020. The tech giant will release its results after the market close, with a conference call scheduled for 5:00 p.m. ET to discuss the report.
This will be Apple’s first earnings report since it announced a four-for-one stock split in early August. The move was seen as a way to make the stock more affordable for individual investors, and shares have surged since then.
Analysts are expecting big things from Apple in its fourth quarter results. They are forecasting earnings of $0.73 per share on revenue of $63.7 billion, according to FactSet consensus estimates. This would represent year-over-year growth of 27% and 18%, respectively.
The iPhone maker is also coming off a strong fiscal third quarter, in which it reported earnings of $0.59 per share on revenue of $59.7 billion. Those results topped expectations on both the top and bottom lines, and sent shares sharply higher in after-hours trading.
Apple’s strong fundamentals are expected to continue driving its stock higher in the quarters ahead. Analysts have an average price target of $467 on the stock, which represents upside of about 22% from its current level near $382 per share.
Apple reports earnings for its fiscal second quarter on Tuesday, April 30. The tech giant is expected to report earnings per share of $2.09 on revenue of $52.97 billion, according to analysts surveyed by Refinitiv.