AAPL earnings for Q3 2019 will be revealed tomorrow, and analysts are not expecting much.
The consensus view is that Apple will hit the midpoint of its own guidance, and will forecast a significant year-on-year fall in revenue for Q4 …
Apple’s guidance for Q3 is for earnings of $52.5B to $54.5B. The midpoint of $53.5B would be very slightly up on the $53.27B the company earned in the same quarter last year.
Thompson Reuters puts together the main average of analyst estimates, with its survey of 32 different forecasts. The average estimate is $53.39B, or slightly below Apple’s midpoint guidance.