Juiced (AAPL Earnings)
Apple (AAPL) is expected to announce its Q2 earnings report for March today after the market closes.
The Capital IQ consensus forecasts Q2 earnings per share of $1.43, a decrease from $1.52 last year, with revenue of $92.84 billion, down 2.5% YoY.
The Street expects Q2 gross margins to be 44.2%, up from 43.8% in 2020.
Apple CEO Tim Cook recently reported that production delays in China were a significant challenge, but the problem has been resolved. He also said that the company is cutting costs and increasing hiring.
The Street Expects:
Q2 iPhone revenue to be $49.2 billion
Mac revenue at $7.7 billion
iPad revenue of $6.8 billion
Wearables revenue of $8.6 billion
Services revenue of $21.1 billion
TECHS:
This is the quarter when Apple typically updates its dividend and share repurchase program. Last year, the company's board of directors declared a cash dividend of $0.23/share, which represented a 5% increase.
AAPL currently has a $2.67 trillion valuation and trades at 28 times FY23 earnings. The options market is currently pricing in a move of approximately 4% in either direction.
If you liked this content please click the ❤️ below and/or share this post.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2022 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.