NEW YORK (TheStreet) -- Apple (AAPL) - Get Report stock is down by 0.67% to $100.74 in afternoon trading on Monday, before the company's fiscal 2016 first quarter financial report, which will be released after the market close on Tuesday.

The Cupertino, CA-based technology company is expected to report a year-over-year increase in earnings per share and revenue.

Analysts are forecasting for earnings of $3.23 per share on revenue of $76.61 billion for the latest quarter.

Last year, the company reported earnings of $3.06 per share on $74.6 billion in revenue for the quarter ended December 27, 2014.

Shares of Apple have declined by 11% since the last quarterly financial report after analysts raised concerns over slowing iPhone sales, according to Bloomberg.

Estimates for fiscal 2016 first quarter iPhone sales range from 75 million to 78 million. Barclays analysts are anticipating 75.3 million iPhone units sold, while Credit Suisse and UBS analysts expect 77 million and 78 million, respectively.

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Separately, Apple has a "buy" rating and letter grade of B at TheStreet Ratings because of the company's impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, notable return on equity and expanding profit margins.

You can view the full analysis from the report here: AAPL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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