US Nasdaq earnings and price forecasts: Apple Q4 2022 results preview
Apple Q4 2022 and full-year results to show mid- to high single digit revenue and earnings growth.
When are the Apple results?
Apple Inc. (NASDAQ: AAPL) the world’s largest company by market capitalization, is set to report fourth quarter results on Thursday, the 27th of October 2022
What ‘the Street’ expects from Apple Q4 2022 results?
Apple results continue to find a strong base of comparison with a year (2021) where the business thrived in a pandemic-stricken environment. Expectations are for mid to high single digit growth for the group’s full year revenue and earnings figures. The slowing rate of growth will likely be attributable to foreign exchange repatriation, a higher anticipated tax rate and an increase in operating expenses through the current high inflation environment in which we operate.
A consensus of estimates from Refinitiv data for the upcoming Q4 and full year 2022 Apple results arrive at the following:
Revenue for the quarter of $88.9bn (+6.65% year on year)
Full year revenue of $392.74bn (+7.36% year on year)
Earnings per share (EPS) for the quarter of $1.27 (+2.25% year on year)
Full year EPS of $6.10 (+8.81%)
How to trade Apple results
In terms of an institutional view as of the 20th of October 2022, a Refinitiv poll of 44 analysts have an average rating of ‘buy’ for Apple, with a long-term price target (mean) of $183.59. This suggests that the current price (as of 20th October 2022) trades at a 28% discount to what is deemed a longer-term fair value for the share.
In terms of a retail trading view, as of the 20th of October 2022, IG Client Sentiment data shows 83% of IG clients with open positions expect the price to rise in the short term, while 17% expect the price to fall in the near term.
Apple share price – technical view
The share price of Apple continues to trade in a broad rangebound environment. The price has recently reversed from oversold territory and off the 137.70 support level, which suggests resistance at 151.85 to be the initial upside target from the move. Traders who are long might consider using a close below the 137.70 support level as a stop loss indication for the trade.
Summary:
Q4 2022 results are scheduled for the 27th of October 2022
Revenue for the quarter of $88.9bn (+6.65% year on year)
Full year revenue of $392.74bn (+7.36% year on year)
Earnings per share (EPS) for the quarter of $1.27 (+2.25% year on year)
Full year EPS of $6.10 (+8.81%)
The average long term broker rating consensus for Apple is ‘buy’
85% of IG clients with open positions on Apple expect the price to rise in the near term
The share price of Apple remains in a broad range trading environment
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
