Wall Street Models 10.8% Revenue Growth Ahead of Apple's Quarterly Report
Consensus targets hold steady as the company prepares to disclose results following a previous quarter that generated $109.4 billion.
Apple is scheduled to report its quarterly earnings on Monday afternoon, facing Wall Street expectations for double-digit annual sales growth.
According to consensus estimates compiled by Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/apple-earnings-look-aapl-222407504.html?.tsrc=rss), the market expects Apple's revenue to rise 10.8% year over year. That projected pace represents an acceleration from the 7.9% growth recorded in the corresponding quarter a year earlier.
The upcoming report follows a strong preceding quarter in which Apple surpassed consensus figures across both top and bottom lines. In that period, the hardware and services maker generated $109.4 billion in revenue, marking a 16.4% increase from the prior year and delivering a comfortable beat against Wall Street earnings-per-share estimates.
Analyst coverage has remained consistent over the past month, with consensus models largely reiterated over the last 30 days. Historically, Apple has rarely missed consensus revenue forecasts heading into its quarterly disclosures.
Sources
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