is set to report its fiscal second-quarter results after the market close on Thursday, and expectations are high.
The largest company in the world is expected to deliver earnings per share of $1.43 and revenue of $92.96 billion in the quarter, according to an average of consensus analyst estimates.Apple has a massive installed base of iPhone, iPad, and Apple Watch users it can rely on for a consistent stream of device upgrades and monetization opportunities. That means the company has a chance to beat, or at least meet analyst expectations.
Also on the radar for investors is Apple's capital return plans for the year going forward, with the company typically outlining its stock buyback and dividend plans during its fiscal second-quarter earnings call. Here's what three Wall Street analysts expect to hear from Apple's upcoming earnings results on Thursday."We expect stronger iPhone demand to offset weakness in other hardware categories, and Services to benefit from subscription growth while App Store to remain weak. Headed into earnings, we see risk-reward balanced... We expect Apple to institute a new buyback authorization and model a 5% dividend increase to $0.
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