Apple Inc. ($AAPL) Earnings (Q2 FY22)

Apple Inc. ($AAPL) Earnings and Opinion:


Apple is a company in the Technology sector and operates in the Consumer Electronics industry. The company designs and sells technological devices and gadgets. Apple was founded in 1977 and is currently headquartered in Cupertino, California. The company went public in 1980 and was priced at $22 a share.

Apple EPS and Revenue (Q2 FY22):

  • EPS of $1.52 beating expectations of $1.43
  • Revenue was $97.28B beating expectations of $93.99B
Apple Q2 Financial Highlights:
  • Revenue was up 9% (YOY)
  • Operating cash flow of $28B
  • $27B returned to shareholders in the quarter
  • Cash dividend of $0.23 declared, 5% increase
Opinion:
Apple has traded a tiny bit higher since the release of its earnings report last week. The company had some fairly nice beats on its expectations, with a couple billion dollar beat on its revenues expectations. The revenue was up 9% on a year-over-year basis. The company generated an operating cash flow of $28B. The dividend distribution was increased 5% to $0.23 a share. Apple issued a weak guidance for the future quarters and is going to face some headwind in the upcoming quarter. The revenue reported this quarter was a record for them, but economic issued will likely cause these numbers to not be seen in the next quarter. The company currently holds $193B in cash at the end of this quarter. Apple has fallen from the sky since hitting 3T in market cap at the end of last year. The company, like every other company, has taken a huge hit to start the beginning of the year due to underlying economic issues. Apple seems to still be thriving currently with some solid standouts on its financial statements. I will look for them to continue to put up some big number in years to come. I currently hold a small position with them and have made some decent returns currently. I love the business and the model it has. It seems as if they have a lot of customers hooked on their products and tease them into buying a bunch of gadgets to go along with their main products. The revenues that they put up are insane. I really like this company at this price and would suggest getting into it, if you haven't yet. This company is one of those companies that I truly believe every investor should hold at least a portion of in their portfolio. Although it seems the growth is starting to dwindle down, compared to previous years. The stock is at a discount right now and is trading at some fair valuations.


*Information from Apple, Yahoo Finance, Google
*Estimates from Zacks

 

Comments

Post a Comment

Popular posts from this blog

Weekly Earnings Review: September 25, 2023- September 29, 2023

     It was a nice little break in the earnings report, but just like that we are back! We are slowly easing our way back into earnings season. However, this week marked the end of Q3 and September. September was a downturn from the rally we saw earlier in the year. There is a lot of stuff looming as the government is set to shut down on October 1st. The Fed is keeping a close eye on inflation but this weeks prints showed some signs of improvement. The average consumer is struggling as savings keep dwindling. In terms of our earnings, we just had two companies that reported this week. One is a warehouse style retailer and the other is a wide range consulting firm.  Tuesday, September 26, 2023 Costco Wholesale Corporation (COST)-     Costco beat expectations on both the top and bottom line. The stock saw a decline after the initial earnings report, but by the end of the week it has hit a new 52-week high. The revenue growth was impressive as it grew by a hair under 10%. The COGS growth
Read more

Weekly Earnings Review: October 16, 2023- October 20, 2023

      Well earnings season is finally among us, so we will start producing more beefier blog posts and cover a lot more companies over these next few weeks. I had one company report last week that I decided to throw into this weeks post, because I felt that it was pointless to make a post with just one boring company. With the inclusion of that company, we will cover 7 companies that report earnings this week and will give your our thoughts and opinions on how they performed during the quarter and the outlook. There is a lot of controversy going on with a war breaking out in Israel and the House of Representatives with out a speaker. This year seems to be the year of how geopolitics affect the market. There seems to be a lot of confusion with the outlook of the market right now, but inflation numbers still look to be fair and the earnings of major companies will be able to tell us a little bit more about where this is headed.  Thursday, October 12, 2023 Walgreens Boots Alliance (WBA)-
Read more

Weekly Earnings Review: November 27, 2023- December 1, 2023

Image
     Stocks continue to rise as we enter the final month of trading for the year. The S&P 500 and Nasdaq had another stellar month. Bond yields continue to fall, as interest rates have seemed to reach their peak. Estimates are all over the place when it comes to when cutting will start and how many cuts we will see next year. I added a new mantra to particular companies. I want to add some visual pieces to the post to entice the readers. Hope you guys enjoy the visuals and the excerpts. Stay investing! Monday, November 27, 2023 Zscaler (ZS)-      Zscaler continues to carry its momentum, as the company beat on both the top and bottom lines. The company achieved 40% growth on the top line and saw impressive growth on the bottom line as well. Management raised guidance and are expecting around 30% growth on both the top and bottom line. What is so impressive about this company is that they are achieving high growth and high profitability. This is a feat that a lot of software companie
Read more