“Investors are always looking for stocks that are poised to beat at earnings season and Apple Inc. AAPL may be one such company,” Zacks Equity Research writes via Yahoo Finance. “The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.”
“That is because Apple is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAPL in this report,” Zacks writes. “In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of $2.37 per share.”
“This suggests that analysts have very recently bumped up their estimates for AAPL, giving the stock a Zacks Earnings ESP of +0.14% heading into earnings season,” Zacks writes. “A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market.”
Read more in the full article here.
MacDailyNews Note: As always, we’ll bring you Apple’s results as soon as they are released, right around 4:30pm EDT tomorrow, April 30th.
SEE ALSO:
Apple has been battered all year by bad headlines, but stock keeps rising – April 29, 2019
What to expect from Apple’s Q219 earnings report on April 30th – April 25, 2019
Apple’s Q219 earnings will be revealed on April 30th – April 2, 2019
Maybe someday Apple can be firing on all cylinders on their legacy devices (such as Macs & Mac Pros) to soar to even greater heights. One thing a responsible CEO does is to MAKE SURE AT ALL TIMES they are capitalizing on all device fronts, not just a select few. That way lies madness, the feeling of betrayal, loss of trust and customers who think you are no longer the company we thought you were who surprised and delighted. And who cared about giving it’s customers premium devices actually worth paying a premium for.
Agree… Tim Cook has FAILED in MANY areas, and the company is under-performing it’s true potential because of it.
Definitely not a stock to be trusted to make share gains for any particular quarter. I say this even as a shareholder who has held Apple stock since 2004. It’s a pot luck stock from quarter to quarter, although in the long term it’s great. Apple moves at the whims of Wall Street and big investors usually go with the true FANG stocks and ignore Apple. Apparently, investors will see more share gains from Microsoft than they will from Apple which leaves me rather disgruntled. I’m hoping for a 16% dividend increase to offset Apple’s volatile moves.
Weak hands will drop the pot with golden coins before earnings and just watch it being picked up by smart
Hahaha just like I said it went!
Good luck buying for $212 on Monday if you can get any 😀