Apple (AAPL) Sets All-Important Q1 Earnings Date

Mark your calendar. Yesterday afternoon, Apple (NASDAQ: AAPL) disclosed that it will report first quarter (Q1) 2015 earnings after the close on Tuesday, January 27, 2015. Apple normally reports earnings at 4:30PM ET. The company has scheduled a conference call to follow at 5PM ET to discuss the results.

This will be a huge quarter for Apple as it will include a full quarter of the iPhone 6 and 6 Plus release and holiday sales. Analysts on average are looking for Apple to report EPS of $2.54 on revenues of $66.42 billion, representing growth of 22.7% and 15.3%, respectively from last year.

Based on data at EPS Insider, Apple beat EPS by an average of 7.5% over the past four quarters and sees an average 1-week move of +3.2% following its report. Last quarter Apple saw a +2.7% move the day immediately following its earnings report.

After tapping a new all-time high in the later part of 2014, shares of Apple have been fading lower since and are down 10.7% from the $119.75 all-time high. Today shares are rebounding about 0.8% to $107.11.

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