AAPL – Sentiment Remain Strong and Moves Upward Ahead of Earnings
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Apple (Nasdaq: AAPL) is scheduled to release Q4 earnings today after the market close.
Average analyst estimates for the Mac and iPhone maker are $1.42/share in EPS and $9.2 billion in Revenue. Thirty-six analysts track the stock with sixteen upward EPS revisions in the last 30 days and no downward EPS revisions in the last 30 days.
Last quarter, Apple beat average analysts expectations by $.18/share or 15.4%, $1.35/share vs. $1.17/share.
I always find this a tough period waiting to see if the company is going meet, exceed, or miss their earnings estimates. One thing I have discovered of value is to analyze sentiment moves in a stock ahead of the company’s earnings release. In the case of Apple, I will use the piqqem sentiment index for Apple to see how sentiment has changed in the last quarter, for the months within that quarter, and from the end of the reporting quarter thru today.
I'm looking for moves or changes that may foreshadow the earning release. (piqqem leverages the ‘wisdom of crowds' by allowing its users to vote on the price direction of a stock and then applies its own propriety factors to calculate sentiment for a security. In their model, 0 is the lowest and 4 is the highest sentiment).
The above chart shows Apple’s sentiment increasing by 5% from the beginning of the quarter to today. The chart also shows that sentiment increased by 2% from the end of Q4 thru today. This last indicator has historically been the most accurate indicator regarding an earnings surprise, both upside and downside. On the Piqqem scale, Apple’s sentiment rating of 3.08 indicates very high quality and this is considered a strong buy. Only Apple knows their actual results, but their current sentiment points to Apple beating earnings expectations on Monday.
Average analyst estimates for the Mac and iPhone maker are $1.42/share in EPS and $9.2 billion in Revenue. Thirty-six analysts track the stock with sixteen upward EPS revisions in the last 30 days and no downward EPS revisions in the last 30 days.
Last quarter, Apple beat average analysts expectations by $.18/share or 15.4%, $1.35/share vs. $1.17/share.
I always find this a tough period waiting to see if the company is going meet, exceed, or miss their earnings estimates. One thing I have discovered of value is to analyze sentiment moves in a stock ahead of the company’s earnings release. In the case of Apple, I will use the piqqem sentiment index for Apple to see how sentiment has changed in the last quarter, for the months within that quarter, and from the end of the reporting quarter thru today.
I'm looking for moves or changes that may foreshadow the earning release. (piqqem leverages the ‘wisdom of crowds' by allowing its users to vote on the price direction of a stock and then applies its own propriety factors to calculate sentiment for a security. In their model, 0 is the lowest and 4 is the highest sentiment).
The above chart shows Apple’s sentiment increasing by 5% from the beginning of the quarter to today. The chart also shows that sentiment increased by 2% from the end of Q4 thru today. This last indicator has historically been the most accurate indicator regarding an earnings surprise, both upside and downside. On the Piqqem scale, Apple’s sentiment rating of 3.08 indicates very high quality and this is considered a strong buy. Only Apple knows their actual results, but their current sentiment points to Apple beating earnings expectations on Monday.
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