Wall Street’s bet: Apple’s earnings per share grew at least 53% last quarter

Once again, we’re handicapping Apple’s quarterly earnings. Actual fiscal Q2 results drop Wednesday after the markets close.

Below: The aggregated estimates I’ve seen so far.

Apple handicapping q22021

Click to enlarge.

You can still place your bets for this quarter’s Earnings Smackdown. The window closes when the markets open Wednesday morning.

See also: Apple Earnings Smackdown: Final spreadsheet FQ1 2021


  1. Horace Dediu said:
    Time for Rod Hall to reiterate Sell rating.

    April 26, 2021
    • Mark Visnic said:
      … while he “adjusts” his price target to $105.

      April 27, 2021
  2. Fred Stein said:
    With these numbers, Apple could raise the dividend to $.92 (12%) and still have a forward Payout ratio of about 20%.

    …and have after tax cash for buybacks, investments, acquisitions, debt service and more.

    April 26, 2021
  3. Eric Lambeth said:
    Seeing a company this complex and this big growing rev. 30% plus. And growing per share earnings 50% plus is really amazing. Watching an elephant tap dance.

    Eric in Austin

    April 26, 2021
  4. Apple’s PR piece released today, regarding $430 billion in investments in the US over 5 years, appears aimed at those in Congress seeking the same funds in the form of fines or other penalties for perceived monopolies. In any event, the leaders of North Carolina and Texas are unlikely join those forces.

    April 26, 2021
  5. bas flik said:
    compare amazon with apple. amazon issued shares worth 24 billion in one year (=hidden costs).
    net income for amazon 21 billion. simple math is they loose money and compensate by printing shares. for this scam you pay a multiple of 80.
    aws is nice but internet retail business is not profitable. i know by experience.
    market is to transparant, you can only sell at best at zero margin.

    apple buys back shares and makes 57 billion profit with multiple of 38

    why should i sell apple and buy amazon instead?

    April 26, 2021
  6. Steven Philips said:
    “You gotta know the territory!” 🙂

    April 26, 2021
  7. David Drinkwater said:
    I’ll go with a (totally unresearched and factually unsupported) $1.14 EPS, because it is up $0.50 for the YoY quarter and because it is a sufficient, but not extravagant drop off from a “late” Q1 2021 QoQ with an outstanding Product Line.

    I hope that translates to an ~$18 price bump (mostly for “May-June” charitable giving).

    April 26, 2021

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