TPR – Apple (AAPL) Pre-Earnings Report and Gameplan

April 24, 2012 3:49 pm

From TriggerPoint Research (our subscription services site)

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

The full (and FREE) Report is HERE

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