Apple, Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Apple, Inc. (NASDAQ:AAPL) will unveil its latest earnings on Tuesday, October 18, 2011. Apple offers a range personal computers, mobile devices, and portable digital music and video players. The company also sells related software, services, peripherals, and networking solutions.

Apple, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $7.22 per share, a rise of 55.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $6.35. Between one and three months ago, the average estimate moved up. It has risen from $7.01 during the last month. For the year, analysts are projecting profit of $27.74 per share, a rise of 83.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by $1.98, reporting net income of $7.79 per share against a mean estimate of profit of $5.81 per share.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: On average, analysts predict $29.24 billion in revenue this quarter, a rise of 43.8% from the year ago quarter. Analysts are forecasting total revenue of $108.98 billion for the year, a rise of 67.1% from last year’s revenue of $65.22 billion.

Analyst Ratings: Analysts are bullish on this stock with 37 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit rose more than twofold to $7.31 billion ($7.79 a share) from $3.25 billion ($3.51 a share) the year earlier, exceeding analyst expectations. Revenue rose 82% to $28.57 billion from $15.7 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 65.1%, with the biggest boost coming in the second quarter when revenue rose 82.7% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 94.8% in the second quarter and 77.7% in the first quarter.

Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Dell Inc. (NASDAQ:DELL), Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Netflix (NASDAQ:NFLX), Adobe Systems Incorporated (NASDAQ:ADBE), Intl. Business Machines Corp. (NYSE:IBM), Intel Corporation (NASDAQ:INTC), Super Micro Computer, Inc. (NASDAQ:SMCI), Research in Motion (NASDAQ:RIMM), Amazon.com (NASDAQ:AMZN) and Nokia Corporation (NYSE:NOK).

Stock Price Performance: During July 19, 2011 to October 12, 2011, the stock price had risen $28.97 (8%) from $376.85 to $405.82. The stock price saw one of its best stretches over the last year between July 14, 2011 and July 26, 2011 when shares rose for nine-straight days, rising 12.8% (+$45.64) over that span. It saw one of its worst periods between September 23, 2011 and October 4, 2011 when shares fell for eight-straight days, falling 7.9% (-$31.80) over that span. Shares are up $83.19 (+25.79%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

 

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