Apple Inc is expected to report earnings on 4/24/2012 (after the close). The current consensus of the 56 analysts is a strong buy rating. Over the past four weeks analysts have decreased their rating and have decreased it over the past three months. For this quarter’s earnings report, analysts will be looking for EPS of $10.05 and revenue of $36,865.63 million. Company guidance will also be a key issue as analysts are expecting next quarter’s EPS and revenue of $9.95 per share and $37,492.47 million respectively. Looking out further, estimates are for EPS of $44.44 on sales of $161,123.09 million for the full year.
Option traders are pricing in the potential for a post earnings move of 7.92% – indicating a wide range of expected movement.
Apple Inc is currently in a consolidation pattern, signified by its price moving between TriggerPoint support (Green Line) and TriggerPoint resistance (Red Line) – In other words, range-bound between $600.75 and $644.00 Technical indicators are currently showing us that prices are trending down, as signified by the stair stepping down of the point of control (blue line). As this security is trending lower, it may be a higher probability trade to sell on the TriggerPoint resistance levels (red lines) depending on the outcome of the earnings.
In terms of directional movement of the security and the earnings release, Apple Inc shows a high degree of correlation in price action to surprises in revenue.
(Check out the User Guide for additional information)
Please see important risk disclosures before acting on this information.
SUBSCRIBE TO TPR REPORTS MEMBER LOGIN
Link to this article: http://wp.me/p2bhUt-yx
