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Apple Earnings Estimate

AAPL Stock  USD 173.31  3.60  2.12%   
The next projected EPS of Apple is estimated to be 1.51 with future projections ranging from a low of 1.35 to a high of 1.49. Apple's most recent 12-month trailing earnings per share (EPS TTM) is at 6.43. Please be aware that the consensus of earnings estimates for Apple Inc is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Apple is projected to generate 1.51 in earnings per share on the 31st of March 2024. 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. 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. At this time, Apple's Gross Profit is quite stable compared to the past year. Pretax Profit Margin is expected to rise to 0.28 this year, although the value of Gross Profit Margin will most likely fall to 0.41.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.

Apple Earnings Estimation Breakdown

The calculation of Apple's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Apple is estimated to be 1.51 with the future projection ranging from a low of 1.35 to a high of 1.49. Please be aware that this consensus of annual earnings estimates for Apple Inc is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
2.18
1.35
Lowest
Expected EPS
1.51
1.49
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 AccuracyLast Reported EPSEstimated EPS for 31st of March 2024Current EPS (TTM)
3896.0%
2.18
1.51
6.43

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 Months 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
2024-02-01
2023-12-312.12.180.08
2023-11-02
2023-09-301.391.460.07
2023-08-03
2023-06-301.191.260.07
2023-05-04
2023-03-311.431.520.09
2023-02-02
2022-12-311.941.88-0.06
2022-10-27
2022-09-301.271.290.02
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
2021-09-301.241.240.0
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
2007-12-310.060.060.0
2007-10-22
2007-09-300.030.040.0133 
2007-07-25
2007-06-300.030.030.0
2007-04-25
2007-03-310.020.030.0150 
2007-01-17
2006-12-310.030.040.0133 
2006-10-18
2006-09-300.020.020.0
2006-07-19
2006-06-300.020.020.0
2006-04-19
2006-03-310.020.020.0
2006-01-18
2005-12-310.020.020.0
2005-10-11
2005-09-300.010.010.0
2005-07-13
2005-06-300.010.010.0
2005-04-13
2005-03-310.010.010.0
2005-01-12
2004-12-310.010.010.0
2004-10-13
2004-09-300.010.020.01100 
2004-07-14
2004-06-300.010.010.0
2004-04-14
2004-03-310.010.010.0
2004-01-14
2003-12-310.010.010.0
2002-07-16
2002-06-300.010.010.0
2002-01-16
2001-12-310.010.010.0
2000-10-18
2000-09-300.010.010.0
2000-07-18
2000-06-300.010.010.0
2000-04-19
2000-03-310.010.010.0
2000-01-19
1999-12-310.010.010.0
1999-10-13
1999-09-300.020.020.0
1999-07-14
1999-06-300.010.010.0
1999-04-14
1999-03-310.010.010.0
1999-01-13
1998-12-310.010.010.0
1998-10-14
1998-09-300.020.01-0.0150 
1998-07-15
1998-06-300.010.010.0
1998-04-15
1998-03-310.010.010.0
1998-01-14
1997-12-310.010.010.0
1997-07-16
1997-06-30-0.02-0.020.0
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 
1996-01-17
1995-12-31-0.01-0.02-0.01100 
1995-10-18
1995-09-300.020.020.0
1995-07-20
1995-06-300.030.030.0
1995-04-20
1995-03-310.030.02-0.0133 
1995-01-19
1994-12-310.040.050.0125 
1994-10-17
1994-09-300.030.030.0

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 2024
Retained Earnings-246.1 M-233.8 M
Retained Earnings Total Equity-2.8 B-2.6 B
Price Earnings Ratio 25.01  15.13 
Price Earnings To Growth Ratio 153.82  161.51 

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 Stock

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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 instruments. 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
When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Apple's price analysis, check to measure Apple's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
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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
0.16
Dividend Share
0.95
Earnings Share
6.43
Revenue Per Share
24.648
Quarterly Revenue Growth
0.021
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 if Apple is a good investment 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.