The earnings season has been one of rallies or destruction, based on expected results and real earnings. Apple (NASDAQ: AAPL) is next on deck to releases numbers, at least among the tech giants. And earnings miss will punish its shares. Very bad numbers could drive the stock down 20%, which is a drop similar to the one it suffered early this summer.
Analysts’ estimates for the quarter are close to spectacular. EPS is expect to rise from to $1.88 from $1.42, year over year. Among the highest estimates is an expectation of $2.02. The market expects Apple to « beat » its numbers which puts expectations close to $2. Apple’s revenue is expected to rise from $42.2 billion to $51 billion. High estimates are close to $53 billion.
The Apple earnings this quarter will be based on two numbers. The first is sales of its flagship product, the iPhone. The second is…
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