Apple Inc Q2 Earnings for FY15 Preview

The iPhone makers are expected to report a rise in sales and revenue for the second quarter of the fiscal year.

Apple Inc has set the date of April 27, 2015 to announce the second quarter earnings of the company. The tech company has been receiving a lot of approvals and disapprovals all at the same time as equity firms cannot seem to agree on one perspective when it comes to the stock activities of the company. The majority of the financial firms believe that the iPhone makers are going to make it big this time around as well. However, equity analysts at Societe Generale seem to be very bearish about the stock as they have decreased their estimates for the upcoming quarter report.

Analysts at Stifel, however, are expecting Apple Inc to shock everyone with the extraordinary results that are predicted by them. These analysts are of the opinion that the consensus estimate is easily going to be surpassed by the Silicon Valley Company and there is no need for a debate about it. Analysts who have downgraded the shares of the iPod makers feel negative about the stock as they believe the Apple Inc Smart Watch is not going to work which might end up as a loss to the company.

According to the Street’s analysis of the revenue of Apple Inc, the numbers have come around at $54.9 million for the quarter. However, the Stifel analysts have become over bullish on the stock which is why they have ended up giving an estimate of $58.4 million for the sales of the tech company. One of the main reasons for their positive expectations is that the iPhone sales in China were carried out more successfully than expected.

The Street analysts believe that the earnings per share for Apple Inc will come around at$2.14 for the 2nd quarter of fiscal year whereas for the full year, the EPS has been estimated at $8.81 per share. As for the analysts at Stifel, the full year revenue generation has been predicted to be $231.2 billion. The analysts of the firm have also granted a ‘buy’ rating to the shares of the tech giant.

Currently, Apple Inc stock is trading at a price of $129.67 share value while the market value rests at $749.18 billion.