Shares of Apple Inc.(NASDAQ:AAPL) turned briefly lower in afternoon
session after opening higher in today’s session as the company is getting close
to its much awaited third quarter earnings today after market close. The stock
was down 0.08% to $603.22, off session high of $609.68. However, the stock is
still sustained above $600 mark.
Apple Inc may see pre-launch
pause in demand:-
As we all know that Apple has history of reporting much
better than estimated earnings due to its dominant position in the smartphone
industry. However, this time investors as well as analysts are bit cautious stating
that the company’s recent quarter’s sales could be slower due an anticipated
launch of iPhone5 by the end of this year.
How Should Investors React To AAPL’s Earnings, Get Free
Analysis
As a tech lover, anyone would prefer to buy the latest
technology and therefore buyers are estimated to postpone their buying until the
company launches its upgraded version.
Average analysts are estimating the company to report $10.36
a share in earnings and revenue of $37.18 billion. In a year ago quarter, the
company had $7.79 a share on revenue of $28.57 billion. However, whisper
earnings are estimating the company to report $11.89 a share. Not only profit
and revenue is going to be critical, investors and analysts around the globe
would look for the company’s sales of iPhone, which contributes the majority of
revenues.
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Report
Also, comments from the company would be closely watched
regarding upcoming updates, net profit and net revenue target. In its last
quarter, the company guided to earn $8.68 a share on revenue of about $34
billion. The company sees Q3 gross margins falling to 41.5%.
Analyst at Goldman projects Q3 revenues of $35.54B and EPS
of $9.98. The firm believes buy-side expectations for iPhone units are already
very conservative for Q3 at 26M-27M units -- relative to its 28M unit estimate.
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