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Can Apple Possibly Prove Analysts Wrong in Fiscal 1Q18 and Beat the Estimates?

Apple is going to publicly announce its results of Fiscal 1Q18 on 1st February, 2018. Analysts are expecting revenues of around $86.5 billion to be posted by Apple. While Wall Street is estimating somewhere between $84 billion and $89.8 billion for the last quarter of 2017. It will mark 10% rise in revenues as compared to fiscal 1Q18 if Apple is successful in achieving the average estimated revenue of $86.5 billion. For Fiscal 1Q17, Estimated earnings per share was just over 3 while actual earnings per share was close to 3.5. While in Fiscal 2Q17, estimated earnings per share was 2 while actual earnings per share were more than two. For the 3rd quarter in Fiscal 3Q17, estimated earnings per share dropped down to 1.5 while actual slightly higher than estimated. Same pattern was followed in Fiscal 4Q17 when Estimated earnings per share were less than 2 while actual earning per share were higher than 2.  So in last four quarters, actual earnings per share has always been higher than estimated earnings per share. For Fiscal 1Q18, Earnings per share is estimated to be higher than 3.7.

It is expected by the analysts that Apple will be posting non-GAAP (generally accepted accounting principles) EPS (earnings per share) of an average $3.78 with $3.94 as it estimated high and $3.41 as its estimated low. Last year in Fiscal 1Q17, $3.36 EPS was reported by Apple.

As mentioned above, Apple has proved analysts wrong in all of the previous four quarters by some margins of 4.7%, 4%, 6.4% and 10% in 1Q17, 2Q17, 3Q17 and 4Q17 respectively.

Because of these exceeding estimates in earnings with such constancy, Apple saw rise in stocks of about 50% in year 2017.

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