Compared to Estimates, Apple (AAPL) Q1 Earnings: A Look at Key Metrics

For the quarter ended December 2024, Apple (AAPL) reported revenue of $124.3 billion, up 4% over the same period last year. EPS came in at $2.40, compared to $2.18 in the year-ago quarter.The reported revenue represents a surprise of +0.24% over the Zacks Consensus Estimate of $124 billion. With the consensus EPS estimate being $2.36, the EPS surprise was +1.69%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Apple performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Geographic Revenue- Greater China: $18.51 billion compared to the $22.16 billion average estimate based on two analysts. The reported number represents a change of -11.1% year over year. Geographic Revenue- Europe: $33.86 billion compared to the $31.05 billion average estimate based on two analysts. The reported number represents a change of +11.4% year over year. Geographic Revenue- Rest of Asia Pacific: $10.29 billion versus $9.91 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change. Geographic Revenue- Japan: $8.99 billion compared to the $7.71 billion average estimate based on two analysts. The reported number represents a change of +15.7% year over year. Geographic Revenue- Americas: $52.65 billion compared to the $52.23 billion average estimate based on two analysts. The reported number represents a change of +4.4% year over year. Net Sales- Products: $97.96 billion versus the seven-analyst average estimate of $97.64 billion. The reported number represents a year-over-year change of +1.6%. Net Sales- Services: $26.34 billion versus the seven-analyst average estimate of $26.18 billion. The reported number represents a year-over-year change of +13.9%. Revenue- Mac: $8.99 billion versus $8.33 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change. Revenue- iPhone: $69.14 billion versus $69.19 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change. Revenue- Wearables, Home and Accessories: $11.75 billion compared to the $12.55 billion average estimate based on six analysts. The reported number represents a change of -1.7% year over year. Revenue- iPad: $8.09 billion versus $7.39 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +15.2% change. Gross margin- Services: $19.76 billion versus $19.36 billion estimated by six analysts on average. View all Key Company Metrics for Apple here>>>Shares of Apple have returned -4.4% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks