Apple Future Growth
Future criteria checks 2/6
Apple is forecast to grow earnings and revenue by 10.2% and 6.5% per annum respectively. EPS is expected to grow by 11.9% per annum. Return on equity is forecast to be 148.1% in 3 years.
Key information
10.2%
Earnings growth rate
11.9%
EPS growth rate
Tech earnings growth | 10.5% |
Revenue growth rate | 6.5% |
Future return on equity | 148.1% |
Analyst coverage | Good |
Last updated | 16 Dec 2024 |
Recent future growth updates
Recent updates
Apple: Insourcing Can Structurally Lift Gross Margins
Dec 19Apple Moves Ahead In AI With New Broadcom Deal
Dec 12Why Apple Doesn't Need Nvidia
Dec 06Apple: Steady EPS Compounder, But The Past Will Not Repeat
Nov 27Buffett Keeps Selling Apple -- Should You, Too?
Nov 20Investors Can Find Comfort In Apple's (NASDAQ:AAPL) Earnings Quality
Nov 14Apple's Q4 And FY 2024: A Superb Business Trading At A Real Overvaluation
Nov 14Apple: Time To Exit As Buffett Sells (Again) Amid China Woes
Nov 06Analysts Are Updating Their Apple Inc. (NASDAQ:AAPL) Estimates After Its Full-Year Results
Nov 02Apple: Looking At Arguments For A Strong Earnings Report
Oct 31Apple: Sluggish Growth Numbers Can Change The Narrative
Oct 24Calculating The Fair Value Of Apple Inc. (NASDAQ:AAPL)
Oct 23Can Apple's Services Segment Offset iPhone Weakness? (Rating Upgrade)
Oct 17Apple: High Valuation Does Not Account For The Risks
Oct 11When Should You Buy Apple Inc. (NASDAQ:AAPL)?
Oct 10Apple Might Be Tempting Ahead Of Q4, But A Correction Is Coming
Oct 04Apple Likely To Gain In The Holiday Quarter
Sep 28Apple: Risk From Trifold Smartphone Market
Sep 22Apple: Not Ready To Glow Up
Sep 16Wall Street Brunch: 'It's Glowtime' For Apple
Sep 08Why I Believe Apple's Stock Deserves Substantial Upside
Aug 25These 4 Measures Indicate That Apple (NASDAQ:AAPL) Is Using Debt Safely
Aug 22Apple: Red Flags Are Piling Up (Rating Downgrade)
Aug 19Apple: Apple Intelligence Taking The Center Stage
Aug 12Apple: Don't Blindly Follow Buffett's Dump
Aug 05Earnings and Revenue Growth Forecasts
Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
---|---|---|---|---|---|
9/30/2027 | 478,970 | 132,474 | 158,366 | 178,661 | 15 |
9/30/2026 | 448,279 | 121,026 | 131,336 | 148,032 | 39 |
9/30/2025 | 414,427 | 110,823 | 123,680 | 133,929 | 39 |
9/28/2024 | 391,035 | 93,736 | 108,807 | 118,254 | N/A |
6/29/2024 | 385,603 | 101,956 | 104,339 | 113,041 | N/A |
3/30/2024 | 381,623 | 100,389 | 101,919 | 110,563 | N/A |
12/30/2023 | 385,706 | 100,913 | 106,869 | 116,433 | N/A |
9/30/2023 | 383,285 | 96,995 | 99,584 | 110,543 | N/A |
7/1/2023 | 383,933 | 94,760 | 100,987 | 113,072 | N/A |
4/1/2023 | 385,095 | 94,321 | 97,490 | 109,584 | N/A |
12/31/2022 | 387,537 | 95,171 | 97,498 | 109,190 | N/A |
9/24/2022 | 394,328 | 99,803 | 111,443 | 122,151 | N/A |
6/25/2022 | 387,542 | 99,633 | 107,582 | 118,224 | N/A |
3/26/2022 | 386,017 | 101,935 | 105,793 | 116,426 | N/A |
12/25/2021 | 378,323 | 100,555 | 101,853 | 112,241 | N/A |
9/25/2021 | 365,817 | 94,680 | 92,953 | 104,038 | N/A |
6/26/2021 | 347,155 | 86,802 | 94,768 | 104,414 | N/A |
3/27/2021 | 325,406 | 76,311 | 90,473 | 99,591 | N/A |
12/26/2020 | 294,135 | 63,930 | 80,219 | 88,921 | N/A |
9/26/2020 | 274,515 | 57,411 | 73,365 | 80,674 | N/A |
6/27/2020 | 273,857 | 58,424 | 71,706 | 80,008 | N/A |
3/28/2020 | 267,981 | 57,215 | 66,636 | 75,373 | N/A |
12/28/2019 | 267,683 | 57,527 | 63,970 | 73,217 | N/A |
9/28/2019 | 260,174 | 55,256 | 58,896 | 69,391 | N/A |
6/29/2019 | 259,034 | 55,695 | 58,245 | 69,004 | N/A |
3/30/2019 | 258,490 | 57,170 | 59,830 | 71,856 | N/A |
12/29/2018 | 261,612 | 59,431 | 61,973 | 75,831 | N/A |
9/29/2018 | 265,595 | 59,531 | 64,121 | 77,434 | N/A |
6/30/2018 | 255,274 | 56,120 | N/A | 73,660 | N/A |
3/31/2018 | 247,417 | 53,318 | N/A | 67,844 | N/A |
12/30/2017 | 239,176 | 50,525 | N/A | 65,284 | N/A |
9/30/2017 | 229,234 | 48,351 | N/A | 64,225 | N/A |
7/1/2017 | 223,507 | 46,651 | N/A | 64,602 | N/A |
4/1/2017 | 220,457 | 45,730 | N/A | 66,564 | N/A |
12/31/2016 | 218,118 | 45,217 | N/A | 65,595 | N/A |
9/24/2016 | 215,639 | 45,687 | N/A | 66,231 | N/A |
6/25/2016 | 220,288 | 47,797 | N/A | 63,173 | N/A |
3/26/2016 | 227,535 | 50,678 | N/A | 67,527 | N/A |
12/26/2015 | 234,988 | 53,731 | N/A | 75,007 | N/A |
9/26/2015 | 233,715 | 53,394 | N/A | 81,266 | N/A |
6/27/2015 | 224,337 | 50,737 | N/A | 81,041 | N/A |
3/28/2015 | 212,164 | 47,808 | N/A | 76,308 | N/A |
12/27/2014 | 199,800 | 44,462 | N/A | 70,765 | N/A |
9/27/2014 | 182,795 | 39,510 | N/A | 59,713 | N/A |
6/28/2014 | 178,144 | 38,555 | N/A | 56,371 | N/A |
3/29/2014 | 176,035 | 37,707 | N/A | 53,944 | N/A |
12/28/2013 | 173,992 | 37,031 | N/A | 52,910 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AAPL's forecast earnings growth (10.2% per year) is above the savings rate (2.6%).
Earnings vs Market: AAPL's earnings (10.2% per year) are forecast to grow slower than the US market (15.2% per year).
High Growth Earnings: AAPL's earnings are forecast to grow, but not significantly.
Revenue vs Market: AAPL's revenue (6.5% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: AAPL's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AAPL's Return on Equity is forecast to be very high in 3 years time (148.1%).
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2024/12/22 01:57 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/09/28 |
Annual Earnings | 2024/09/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Apple Inc. is covered by 98 analysts. 39 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
---|---|
Per Anders Lindberg | ABG Sundal Collier |
Mark Rosen | Accountability Research Corporation |
Edward Zabitsky | ACI Research |