Apple (AAPL) Announces Q1 2013 Earnings Release Date

Apple (AAPL) announced on its investor relations page that it would report results for the first fiscal quarter of 2013 after the close of the Nasdaq Composite on Wednesday, Jan. 23, at 2:00 p.m. Pacific/5:00 p.m. Eastern.

As it does every quarter, Apple will issue its earnings press release at 4:30 p.m. Eastern and follow with a conference call at 5 p.m. where CEO Tim Cook and CFO Peter Oppenheimer will discuss the company’s initial numbers for the holiday season as well as the strength of iPhone 5, the updated iPad 4 and iPad mini sales across Q1.

As of the last earnings report in October, Apple expects first quarter 2013 revenue of $52 billion. The consensus EPS forecast for the quarter is $11.75. The Street’s consensus, as reported by Motley Fool, is for earnings of $13.30 per share on sales of $54.5 billion.

It’s worth noting that Apple has missed Wall Street estimates EPS for the past two quarters due to contracting margins and declining iPad and iPhone sales growth, resulting not only in a less favorable P/E ratio for the ticker, but also making its already conservative valuation appear to be more expensive. So, a third miss isn’t out of the question. That said however, let’s hope that won’t be the case with the upcoming Q1’13 report.

AAPL closed Wednesday at $549.03, up $16.86, or 3.17%, for the day. The ticker’s forward P/E is now less than 10, still a relatively low multiple given the company’s current growth and strong balance sheet.

A live audio webcast of the earnings conference call will be made available at 2:00 p.m. Pacific Time/5:00 p.m. Eastern on the Apple Investor Relations website at

h/t macrumors

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