From Nasdaq, Inc.:

This week is full of highly-anticipated earnings reports, with giant technology companies set to reveal their quarterly results. Apple, scheduled to release earnings on February 1st, has been on a hot streak, consistently exceeding earnings and revenue expectations in the past three quarters.

Analysts have high expectations, with $2.09 EPS, up 1.5% since November, and year-over-year growth of 11%. Revenue estimates are $117 billion, 1.4% lower than previous estimates. Apple’s services sector, including Apple Music and Apple Pay, is expected to show a 12.5% year-over-year growth in Q1.

iPhone revenue will be a focus, expected to be around $68.6 billion, a 4% increase from the last year. Apple’s share price is maintaining a strong position, though trading at a premium relative to historical levels.

Investors will keep a close eye on Apple’s services and iPhone sales, key growth drivers for the company. Heading into the earnings release, Apple stock is presently a Zacks Rank #3 (Hold). Good news? Members have access to a reports with seven expert stock picks, one of them being Apple. To read this article on Zacks.com, click here.



Read more: Apple Q1 Earnings: Key Metrics to Watch