Apple Inc. (AAPL) is scheduled to release its fourth quarter 2011 results after the market closes on Tuesday, October 18, 2011. The earnings results, I have noticed analysts raising their estimates over the past few days, and considering the past trends I continue to believe another earnings beat is on the compnay.
Apple’s third quarter earnings per share (EPS) comfortably exceeded the Zacks Consensus Estimate of $5.81 per share by $1.98 (34.1%). Apple reported earnings of $7.79 per share in the third quarter, well ahead of its conservative guidance of $5.03. Earnings shot up 122.0% from the year-ago quarter. Consensus unit volumes look to be about 20 million iPhones, 13 million iPads, 4.4 million Macs, and 6.8 million iPods. Note, those figures may not be exact. Current consensus for the December quarter is for EPS of $8.98 on revenue of $36.6 billion.
Total sales in the reported quarter surged 82.0% year over year to $28.57 billion, representing the highest sales in the company’s history. The growth was primarily driven by strong sales of the iPhone and the iPad devices.
Consensus Estimate for Apple’s earnings is pegged at $7.30, way ahead of Apple’s own conservative guidance of $6.40 per share.
Apple projects its revenues to be $25.0 billion. The Zacks Consensus Estimate expects Apple’s revenues to be around $29.51 billion.
Apple expects gross margins of 38.0%, reflecting stock-based compensation expense of approximately $55 million. Operating expenses are estimated to be $2.7 billion, including about $245 million related to stock-based compensation, while Other Income and expenses are anticipated at around $50 million. The tax rate is estimated to be roughly 24.0%.
Apple’s third quarter earnings per share (EPS) comfortably exceeded the Zacks Consensus Estimate of $5.81 per share by $1.98 (34.1%). Apple reported earnings of $7.79 per share in the third quarter, well ahead of its conservative guidance of $5.03. Earnings shot up 122.0% from the year-ago quarter. Consensus unit volumes look to be about 20 million iPhones, 13 million iPads, 4.4 million Macs, and 6.8 million iPods. Note, those figures may not be exact. Current consensus for the December quarter is for EPS of $8.98 on revenue of $36.6 billion.
Total sales in the reported quarter surged 82.0% year over year to $28.57 billion, representing the highest sales in the company’s history. The growth was primarily driven by strong sales of the iPhone and the iPad devices.
Consensus Estimate for Apple’s earnings is pegged at $7.30, way ahead of Apple’s own conservative guidance of $6.40 per share.
Apple projects its revenues to be $25.0 billion. The Zacks Consensus Estimate expects Apple’s revenues to be around $29.51 billion.
Apple expects gross margins of 38.0%, reflecting stock-based compensation expense of approximately $55 million. Operating expenses are estimated to be $2.7 billion, including about $245 million related to stock-based compensation, while Other Income and expenses are anticipated at around $50 million. The tax rate is estimated to be roughly 24.0%.
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