Tech

Apple has beaten earnings estimates 20 out of the past 21 quarters

Key Points
  • Apple faced a crucial test on Wall Street on Tuesday, as it reported financial results for the quarter ending in March.
  • The company has now beaten earnings per share estimates 20 out of the past 21 quarters, according to CNBC's analysis of StreetAccount numbers.
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Apple faced a crucial test on Wall Street on Tuesday, as it reported financial results for the quarter ending in March. Reports of weak phone component orders and the fading benefits of tax reform cast a shadow over the company's future.

But Apple has often faced low expectations and managed to surpass them — in fact, it has a pattern of doing just that, and this quarter was no exception.

The company has now beaten earnings per share estimates 20 out of the past 21 quarters, according to CNBC's analysis of StreetAccount numbers. FactSet figures show that it has beaten estimates every quarter since March 2014, except for March 2016.

Here's Apple's history, according to FactSet:

QuarterActualExpected
March 20141.661.46
June 20141.281.23
September 20141.421.30
December 20143.062.61
March 20152.332.15
June 20151.851.81
September 20151.961.88
December 20153.283.23
March 20161.902.00
June 20161.421.39
September 20161.671.66
December 20163.363.22
March 20172.102.02
June 20171.671.57
September 20172.071.87
December 20173.893.86
March 20182.732.67 (Thomson Reuters)