“Apple Inc. is slated to report its latest financial results Tuesday in one of the most widely watched reports of earnings season,” Tom Bemis reports for MarketWatch. “The iPhone maker is expected to report earnings of $1.23 a share on revenue of $38 billion for its fiscal third quarter, according to the consensus estimate of analysts surveyed by FactSet.”
“Going back to 2009, Apple stock has averaged a gain of 1.57% on the day following its July results,” Bemis reports. “That’s second only to the stock’s average performance after April results, when it’s averaged a 5% gain.”
“Apple’s historic gains between its July and October earnings reports have been spectacular,” Bemis reports. “The stock has averaged gains of 18% between its July report and its October report over the past 5 years. That’s nearly double the stock’s next best report-to-report average of 9.9%, for the period between April and July.”
Read more in the full article here.
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So, $110.85 by mid October. I can live with that.