Apple (AAPL) is scheduled to release Q2 earnings this Tuesday April 20th, after the market close. Average analyst estimates for the Technology Giant are $2.44/share in EPS and $12.06 billion in Revenue. Thirty-seven analysts track the stock with twenty 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 1.59/share, 3.67/share vs. 2.08/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, -100 is the lowest and 100 is the highest sentiment).
Sentiment for Apple
Source Piqqem
Can Apple’s Sentiment catch Sirius (SIRI) while staying ahead of Ford (F) for the top sentiment spot. Or will its clash with Google (GOOG) cause the Technology Giant to lose focus?
The above chart shows Apple’s sentiment remaining flat from their last earnings release thru today. As a comparison, sentiment for the NASDAQ index dropped 13 pts in the same period, which makes Apple’s overall sentiment even more impressive. On the Piqqem scale, Apple’s sentiment rating of 50.10 is considered a strong buy and its absolute sentiment indicates the highest quality stock. Only Apple knows their actual results, but current sentiment points to the iPad maker delivering good news on Tuesday.
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