The Country Caller highlights latest earnings whispers for the two California-based businesses ahead of their respective financial earnings calls later in the evening today
Published By: Ken Bock on January 31, 2017 11:19 am EST
After the market closes on Tuesday, January 31, Apple Inc. (NASDAQ:AAPL) and Electronic Arts Inc. (NASDAQ:EA) will announce earnings for first quarter of fiscal year 2017 (1QFY17) and 3QFY17, respectively. Both businesses have held great quarterly performances historically. Consistent with previous results, the estimates suggest that both companies are likely to exceed analysts’ expectations on bottom line whereas EA is also expected to outperform on net sales.
For the first quarter, Wall Street analysts have provided Apple Inc with consensus earnings per share (EPS) prediction of $3.22, about 92% higher on quarter-over-quarter (QoQ) basis. However, the number suggests a decline of roughly 1.83% year-over-year (YoY). In contrast, Earningswhispers.com predicts the iPhone maker to remain consistent with the higher end of the company’s 1Q EPS guidance of $3.06-3.23, with its profits per share estimate of $3.23.
Apple is also predicted to report $76.93 billion net sales for the holiday quarter, up 64% QoQ. It also marks an increase of 1.35% YoY as the iPad maker published $75.9 billion revenues in prior year quarter. However, Estimize.com believes that the $639.56 billion business will report slightly lower revenues of $76.92 billion, meeting the company’s 1Q top line outlook of $76-78 billion.
For the third quarter, Electronic Arts has received consensus EPS estimate of $2.31, marking a remarkable recovery from previous quarter’s loss per share of $0.13. The company’s previous year 3Q EPS was observed to come in at $1.83. This suggests that Earningswhispers.com expects an EPS growth of about 27% YoY, with its bottom line estimate of $2.33.
Reportedly, the $25.75 billion company’s 3QFY16 and 2QFY17 revenues were published at $1.8 billion and $898 million. This quarter, the analysts expect revenues to rise considerably to $2.06 billion. On the other hand, Estimize.com expects further increase on top line, to $2.07 billion.