Apple expected to post earnings of $1.01 a share: Earnings Preview

Apple Inc is expected to show a rise in quarterly revenue when it reports results on July 27. The Cupertino, California-based company is expected to report a 22.8% increase in revenue to $73.276 billion from $59.69 billion a year ago, according to the mean estimate from 25 analysts, based on Refinitiv data.

Refinitiv’s mean analyst estimate for Apple Inc is for earnings of $1.01 per share. For the same quarter last year, the company reported earnings of 65 cents per share. The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 34 “strong buy” or “buy,” 7 “hold” and 1 “sell” or “strong sell.”