Thursday, July 19, 2012

Apple Inc.(NASDAQ:AAPL) : On Investors Radar With Upcoming Earnings & Several Rumors

The shares of Apple Inc.(NASDAQ:AAPL) are showing better strength and trading above $600 mark with the company is just a week away to report its third quarter earnings on  Jul 23, 2012.

As like always, investors are bullish on the company’s earnings with analysts are estimating the company to earn as much as $10.38 a share, up sharply from a year ago profit of $7.79 a share. Revenue is estimates to grow by 30.70% year over year to $37.34 billion.

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Shares of the company have been showing smooth rally since late June with the stock found solid support at 50day moving average price of $569. The stock is now trading higher by 0.54% to $609.31. The stock has resistance at $618. The stock made an all time high of $644 on Apr 10, 2012 after which it pulled quickly about 14% in couple of weeks before reporting its second quarter earnings amid reports that indicated a possible shortage in key components for its mobile devices and showed a decline in iPhone sales at wireless carriers. However, as soon as the company came out with its earnings, the stock made come back on the Wall Street and quickly jumped over 9% on solid earnings. Shares of the company are up about 7% since its last reported earnings. Here is the bried history about the company’s past quarterly EPS compared to analysts’ estimates.

Yesterday, analyst at Pacific Crest issued cautious notes on upcoming earnings and warned that the company may failed to meet analysts’ estimates. Moreover, the firm also said that fourth-quarter estimates "appear too high."

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Apple has always been under rumor radar with latest rumor circulating that the company has been working iPad mini and may release it by October. The report also suggests that AAPL was in talks to develop a smaller iPad, since the introduction of the first generation even with Steve Jobs saying that a screen that small wasn’t ideal for users to enjoy their media.

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Also, there are several rumors about the company’s upcoming iPhone5, where online bloggers are forecasting additional features and images.

Well, in the past the company has beat analysts’ estimates in past three quarter out of four quarters. However, this time analysts believe that expectations are too high and Apple may not meet the Wall Street’s target. Well, what if the company reported lower than estimates earnings? The stock will fall…but this is not going to be end for Apple as the company has several products to release later this year. So if the stock fall anytime, it could be a buying opportunity.

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