Apple gave analysts no guidance last quarter—as they probably won’t again this quarter—so the analysts’ best guesses is the best we have.
Among the estimates I’ve seen so far, nobody is expecting Apple to beat last year’s earnings.
Click to enlarge. The pickings are slim from the indies this quarter. Updates and corrections appreciated. Full spreadsheet tomorrow.
We’ll see whose estimates were closest to the mark when Apple reports its June quarter earnings after the markets close on Thursday. The earnings call with analysts will be live-streamed here at 5 p.m. ET, 2 p.m PT.
My take: If everybody weren’t in the same plague-infected boat, this would be a dreadful showing.
That said, Apple is clearly able to weather the economic storm. Its stock price reflects investor awareness of that.
Apple is one tough beach ball!
Price:
AMZN: $3,200
GOOGL: $1,540
AAPL: $384
MSFT: $213
P/RPS (ranked by most affordable)
AMZN: 5.39
AAPL: 6.14
GOOGL: 6.39
MSFT: 11.6
P/E (ranked by most affordable)
AAPL: 29.3
GOOGL: 31.1
MSFT: 32.6
AMZN:150.2
While agreeing that AAPL is good, I also think your data support a theory that AMZN is also good. They are just very different.
To also be fair, when you compare the P/RPS vs the P/E, the difference in magnitude is startling, which does support your lament w.r.t. AAPL vs AMZN.
Bartley Yee, FOTB
Reported Revenue $54.62
EPS $2.176
iPhones $23.39
Services $13.52
iPads $5.07
Mac $5.65
Wearables $6.34
Total Rev $56.14 Excl. ForEx effects.
Apple Q3 2019 $53.81 $2.18 $25.99 $11.46 $5.02 $5.82 $5.53