Apple, Inc. Earnings: Why Guidance Is Key
When Apple (NASDAQ: AAPL) reports its quarterly results this week -- just before the holiday season -- the tech giant's guidance for the upcoming quarter may ultimately be the most important metric for investors to watch. Not only representing the holiday period, but also the period in which sales of the latest iPhones usually gain steam, the company's fiscal first quarter (the fourth calendar quarter) is seasonally its biggest -- by a long shot.
In Apple's first quarter of fiscal 2018, the Mac maker will be up against record quarterly revenue reported in the year-ago quarter after the iPhone 7 was released. The question, therefore, is whether Apple will provide guidance for first-quarter revenue above its top line in the first quarter of fiscal 2017?
iPhone X. Image source: Apple.
Source: Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 74 Buy predictions and 7 Sell predictions.
With a target price of 280 € there is a slightly positive potential of 6.81% for Apple Inc. compared to the current price of 262.15 €.
