Apple's earnings beat history suggests potential estimate-beating catalyst in next report.
Context
What happened: Zacks reports that Apple (AAPL) beat earnings estimates in its last two quarters and now has a positive Earnings ESP ahead of its next report, expected November 2, 2026.
Key numbers: Most recent quarter: estimate $1.88 per share, reported $1.91, a 1.60% surprise. Prior quarter: estimate $1.92, reported $2.01, a 4.69% surprise. Average surprise over the two quarters: 3.14%.
Why it matters: Zacks states that a positive Earnings ESP combined with a Zacks Rank #3 (Hold) or better has produced a positive surprise nearly 70% of the time, suggesting another beat is possible.
Market: +0.6% today ($345.70), +27.8% YTD, 0.4x vol — as of 18:17 UTC
What changed
Zacks reports that Apple (AAPL) beat earnings estimates in its last two quarters and now has a positive Earnings ESP ahead of its next report, expected November 2, 2026.
Why it matters
Zacks states that a positive Earnings ESP combined with a Zacks Rank #3 (Hold) or better has produced a positive surprise nearly 70% of the time, suggesting another beat is possible.
Market: +0.6% today ($345.70), +27.8% YTD, 0.4x vol — as of 18:17 UTC