#TechnologyNews #Apple Inc expected to post earnings of $4.54 a share: Earnings Preview #BB

Apple Inc is expected to show an increase in its fourth quarter earnings to $4.54 per share according to the mean Refinitiv estimate from thirty four analysts. Wall Street expects results to range from $4.37 to $4.83 per share.

RECOMMENDATIONS * The consensus recommendation for the company is „Buy“. This includes eleven „Strong Buy“, fourteen „Buy“, twelve „Hold“, five „Sell“. * The average consensus recommendation for the phones & handheld devices peer group is also „Buy“.

FORECAST CHANGES * Thirty five analysts are currently providing Refinitiv with estimates. * In the last week one analyst has negatively revised an earnings estimate and one analyst has revised an earnings estimate upward. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has risen by 0.35 percent from $4.53. Estimates ranged from a high of $4.83 to a low of $4.37. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the thirty five analysts providing estimates is $294.78.

YEAR OVER YEAR * The company is expected to report a rise in revenue to $88.43 billion from $84.31 billion in the same quarter last year. * The current quarter consensus estimate of $4.54 per share implies a gain of 8.66 percent from the same quarter last year when the company reported $4.18 per share.