Apple Inc. (AAPL): Earnings Whisper?

Apple Store Sydney

All eyes will be on Apple Inc. (AAPL) after today’s close. Wall Street analysts are on average expecting the tech giant to post $49.33 billion in sales during the June quarter. This would show a 15% decline from the 2Q15 revenue of $58 billion and an increase of 31.10% from the same period in FY14. EPS are expected to come in at $1.80, a growth rate of 40.62% from $1.28 per share a year earlier. For the full year ending in September, EPS are projected to be $9.07 a share on $233 billion in revenue. Meanwhile, ticker’s Q3 earnings whisper number calls for EPS of $1.95 on revenue of $49.26 billion.

On valuation measures, Apple shares are priced at 16.11x this year’s forecasted earnings, compared to the industry’s 15.19x earnings multiple. The company’s current year and next year EPS growth estimates stand at 40.80% and 7.60%, respectively. AAPL has a t-12 price-to-sales ratio of 3.49. EPS for the same period registers at $8.05.

Apple shares have advanced 1.82% in the last 4 weeks and 4.34% in the past three months. Over the past 5 trading sessions the stock has gained 5.14%. The Cupertino California-based company, which is currently valued at $746.74 billion, has a median Wall Street price target of $150.00 with a high target of $195.00. Apple Inc. is up 41.68% year-over-year, compared with a 7.75% gain in the S&P 500. The name dominates the index as no other company has in 30 years.

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