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Apple to Announce Q4 2014 Earnings on October 20

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Apple today updated its investor relations page to confirm it will announce earnings for its fourth fiscal quarter (third calendar quarter) of 2014 on October 20. The quarterly earnings statement will be released around 1:30 PM Pacific / 4:30 PM Eastern, with a conference call to discuss the report following at 2:00 PM Pacific / 5:00 PM Eastern.

q42014-earnings.jpg
This quarterly earnings report covers the period up to September 27 and will include early sales of the iPhone 6 and 6 Plus, which launched in a number of countries on September 19. With a highly anticipated China launch slated for October 17, iPhone sales in the current quarter are expected to continue to be strong. The company confirmed it sold a record-breaking 10 million iPhone 6 and 6 Plus units in the first weekend of sales and would have sold significantly more units if supply had not been constrained.

MacRumors will provide coverage of both the earnings release and conference call on October 20.

Article Link: Apple to Announce Q4 2014 Earnings on October 20
 
Article Link
https://www.macrumors.com/2014/09/30/q4-2014-earnings-october-20/
this rules out no media event on the 21st for sure, they wouldnt have one the day after the earnings call..

haven't the media events been well before the earnings call?
 
mattburley7 said:
this rules out no media event on the 21st for sure, they wouldnt have one the day after the earnings call..

haven't the media events been well before the earnings call?
Click to expand...

Last year, the event was on October 22 and earnings on October 28.

The year before, the event was October 23 and earnings on October 25.

Can't get any more "for sure" about no event on the 21st than Jim Dalrymple's "nope".
 
WildCowboy said:
Last year, the event was on October 22 and earnings on October 28.

The year before, the event was October 23 and earnings on October 25.

Can't get any more "for sure" about no event on the 21st than Jim Dalrymple's "nope".
Click to expand...

so basically the event would have to be like on october 13 or 14th or not happening...
 
Darn, so the three iPhones (a 5C replacing a 3GS, a 6 replacing a 4S, and a 6+ replacing a 4S) that I purchased on September 28th won't be included in the sales tally.

Not sure why it matters at all to me, but in some very tiny way, it does.
 
Most the upside for aapl is done. It's just a value stock now. Just look at the pe.
For it to double it needs to be a 1.2 trillion dollar company.
 
ArtOfWarfare said:
Darn, so the three iPhones (a 5C replacing a 3GS, a 6 replacing a 4S, and a 6+ replacing a 4S) that I purchased on September 28th won't be included in the sales tally.

Not sure why it matters at all to me, but in some very tiny way, it does.
Click to expand...

The quarter closes today, so they should count. Look waaay down in the decimal points, and you'll find them.

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megadon said:
Most the upside for aapl is done. It's just a value stock now. Just look at the pe.
For it to double it needs to be a 1.2 trillion dollar company.
Click to expand...

Thank you, Warren Buffett.

For any stock to double, earnings need to do the same, assuming a constant PE (and no matter what that PE might be).
 
IJ Reilly said:
The quarter closes today, so they should count. Look waaay down in the decimal points, and you'll find them.

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Thank you, Warren Buffett.

For any stock to double, earnings need to do the same, assuming a constant PE (and no matter what that PE might be).
Click to expand...

Pe is just a ratio that changes everyday.. It's the multiple that you pay for earnings, and it's only useful to compare to another company in the same industry. If apple has a very low pe for tech, it means investors aren't willing to pay a premium because they don't see growth in the earnings. Thus how it's being treated like a value stock, because investors don't see growth opportunities.
 
ArtOfWarfare said:
According to the article, the quarter closed on the 27th, so either you're incorrect or the article is incorrect.
Click to expand...

Although you are correct that the article states the 27th, I wonder why they would close their books on a Saturday. I always think in terms of Friday close of business, so when books are closed on any other day it always seems interesting. But in the end it matters little I am sure.
 
megadon said:
Pe is just a ratio that changes everyday.. It's the multiple that you pay for earnings, and it's only useful to compare to another company in the same industry. If apple has a very low pe for tech, it means investors aren't willing to pay a premium because they don't see growth in the earnings. Thus how it's being treated like a value stock, because investors don't see growth opportunities.
Click to expand...

I know exactly what PE is, so no need to explain it. Currently AAPL is selling for a multiple of roughly 16. Not a lot can be imputed from this PE, for one because it's right on the median of the S&P 500 currently, and for another, the stock was selling at a multiple closer to 10 not many months ago. In any event, none of this supports your point.
 
Cuban Missles said:
Although you are correct that the article states the 27th, I wonder why they would close their books on a Saturday. I always think in terms of Friday close of business, so when books are closed on any other day it always seems interesting. But in the end it matters little I am sure.
Click to expand...

The end of the fiscal Quarter and fiscal Year were September 27. That's just how the 52 weeks divided by 4 (13 week quarters) ends up, based on the start of their fiscal year.
 
ArtOfWarfare said:
According to the article, the quarter closed on the 27th, so either you're incorrect or the article is incorrect.
Click to expand...

It's right, the fiscal year (and the quarter) ends on 9-27. Seems Apple closes the quarter on or around the 28th of the month. Something I had not noticed before... but I know it now.

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anonnymouse said:
The end of the fiscal Quarter and fiscal Year were September 27. That's just how the 52 weeks divided by 4 (13 week quarters) ends up, based on the start of their fiscal year.
Click to expand...

Thanks for this info.
 
megadon said:
Most the upside for aapl is done. It's just a value stock now. Just look at the pe.
For it to double it needs to be a 1.2 trillion dollar company.
Click to expand...
You forgot about stock buybacks. If Apple buys back a significant number of shares, then the stock price can double without reaching a market cap of $1.2 trillion. Not saying it will double any time soon, but I feel good about a 15% increase over the next year.

Factor in the lack of risk, and I'm pretty comfortable holding onto AAPL. Investors always place far too much importance on growth potential and don't pay enough attention to risk.
 
IJ Reilly said:
I know exactly what PE is, so no need to explain it. Currently AAPL is selling for a multiple of roughly 16. Not a lot can be imputed from this PE, for one because it's right on the median of the S&P 500 currently, and for another, the stock was selling at a multiple closer to 10 not many months ago. In any event, none of this supports your point.
Click to expand...

the "industry average" is around 22, that means investors aren't willing to pay a higher multiple for aapl stock compared to its competitors. Comparing to the S&P pe doesn't tell you much, even though it tells you investors are only willing to pay half the amount for the earnings compared to the rest of the s&p. I'm not trying to "make a point" just stating facts. PE is just to see how "expensive" a stock is compared to its competitors in the same sector. And if apple is trading at a discount, there is justifiable reasons for that, ie, lack of growth compared to competitors.
 
flux73 said:
You forgot about stock buybacks. If Apple buys back a significant number of shares, then the stock price can double without reaching a market cap of $1.2 trillion. Not saying it will double any time soon, but I feel good about a 15% increase over the next year.

Factor in the lack of risk, and I'm pretty comfortable holding onto AAPL. Investors always place far too much importance on growth potential and don't pay enough attention to risk.
Click to expand...

Agree 100%. Although I would rather see the money for buy backs used towards new products, it gives me confidence on reducing downside risk as apple would swoop in and start buying during a decline giving us a proper price floor. Risk factors depend on personal factors such as age and so on. If you're young, you can afford to take more risk because you have a lot of earning years left, but as you get older and close to retirement, you can't risk loosing it all.

I'm not advocating to sell or predicting a price decline, even though it can easily go down to the high 80's as the market as a whole is overvalued. But I don't expect as much as growth as other companies in its sector.
 
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megadon said:
the "industry average" is around 22, that means investors aren't willing to pay a higher multiple for aapl stock compared to its competitors. Comparing to the S&P pe doesn't tell you much, even though it tells you investors are only willing to pay half the amount for the earnings compared to the rest of the s&p. I'm not trying to "make a point" just stating facts. PE is just to see how "expensive" a stock is compared to its competitors in the same sector. And if apple is trading at a discount, there is justifiable reasons for that, ie, lack of growth compared to competitors.
Click to expand...

The "industry average" isn't really of much use IMO. Not every company in the tech industry is comparable, let alone should be regarded as one of Apple's competitors. A comparison to a broader index of similarly mature companies might be of some use in making general comparisons. As far as growth vs. value is concerned, rich PE ratios should be taken as risk signals too. If the growth anticipated by a high PE doesn't occur, those stocks can come crashing down in a hurry.

All that said, I grant that Apple's years of posting 30-40% earnings growth rates is probably behind us, but we need to remember that this rate of growth was phenomenal, in particular for the number of years it was sustained. If Apple can post earnings growth in the 10-20% range going forward, with relatively limited downside risk, then this paints a pretty picture for investors.

But I am neither making predictions nor giving advice.

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flux73 said:
You forgot about stock buybacks. If Apple buys back a significant number of shares, then the stock price can double without reaching a market cap of $1.2 trillion. Not saying it will double any time soon, but I feel good about a 15% increase over the next year.

Factor in the lack of risk, and I'm pretty comfortable holding onto AAPL. Investors always place far too much importance on growth potential and don't pay enough attention to risk.
Click to expand...

"Yup."
 
Johhny Ive introduces new executive products... iBucket in classic silver , iWheelbarrow in Product Red, and iMoneyBags in white with embroidered "$$"!!
 
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