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3 Key Predictions For Apple's Q3 Earnings Report

Although critics will say that Apple AAPL has lost some of its luster over the past few years, you better believe that investors will be paying attention when the world’s largest publicly-traded company releases its fiscal third-quarter financial results next week.

Apple has been one of Wall Street’s hottest stocks this year, but its scorching pace has slowed over the past two weeks as investors finally seem to be exercising some caution. The company appears to be having a supply chain issue that could threaten the release date of the iPhone 8, and concerns about a decorrelation effect tripped up several of our market leaders this week.

But neither of those potential issues should have a direct effect on the company’s upcoming earnings report, which is scheduled to be released after the closing bell on Tuesday.

So what’s in store for Apple this quarter? Well, our current Zacks Consensus Estimates are calling for earnings of $1.57 per share and revenue of $44.71 billion—results that would represent year-over-year growth of 10.56% and 5.55%, respectively.

Of course, earnings and revenue are just two of the many things investors will be looking at when Apple reports...


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