Just after the market closes today, numbers of Apple Inc.’s (NASDAQ:AAPL) investors would
eager to know the company’s results as the world’s largest company with market
value over $564 billion is all set to report its third quarter earnings after
market-hours.
However unlike in the recent quarters, this time investors
are cautious on the company’s earnings with 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.
Can APPL Jump To
$1000 By This Year, Get Trend
Analysis
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. Although, strong growth is
expected, but analysts expect that Apple may miss street’s estimates
considering tech lovers are postponing their buys ahead of much anticipated
launch of new version of iPhone 5. Although, exact date or month is uncertain,
but analysts speculate that it could be between September to October later this
year.
Moreover, as we all know Apple issues conservative forecast
and investors are once again closely watch for earnings guidance as several
tech companies in the past week had provided captious earnings forecast.
How Should Investors
Trade Before Earnings, Get Here
An analyst at Pacific Crest Securities said that “While we
see the potential for modest upside to our fiscal third quarter (June) iPhone
unit estimate of 25.4 million, we do not expect fiscal third quarter iPhone
units to top 27 million, which we believe is the buy-side consensus estimate.”
Shares of the company had solid seen solid recovery form
session’s low on Monday and ended less that $1 lower at above $600 mark. In the
pre-market session, the stock is up 0.43% to $606.69. The stock has already
underperformed year to date with a gain of about 49% and trading just 6% away
from its all time high of $644 in early April 2012.
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