Analysis

Premium analysis by our dedicated team
AAPL
Jan 26, 2021, 12:32 PM GMT
#Stocks

Can Apple's Earnings Data Catalyse Another Uptrend?

One of Wall Street's favourite blue-chip companies is scheduled to report its quarterly performance next and traders' anticipation is unsurprisingly building up. Apple is expected to deliver its earnings report tomorrow after the market close, which means that its impact would be reflected on Thursday's open.

According to the consensus forecasts, Apple is projected to report Earnings Per Share of $1.39 for the three months leading to December. If realised, this would be the company's best performance, surpassing the previous EPS record of $1.25 in Q4 of 2019. Unsurprisingly, such a performance during a global pandemic would likely be perceived as a potential catalyst for continued price appreciation.

One of the most important metrics to watch for in Apple's report is services revenue. The Silicon Valley giant has been attempting to diversify its revenue streams for more than a year now, which is why the revenue from services, such as iTunes, Apple TV+, and Apple podcasts, is so important for the company, which strives to become less dependent on sales generated mostly from products.

Profit & Loss
Short Term Long Term Net % Gains
+ - + -
0 1.36 USD 11.91 USD 0
7.38%
Short Term
+ -
0 1.36 USD
Long Term
+ -
11.91 USD 0
Net % Gains
7.38%

Disclaimer: Your capital is at risk! Trading and investing on the financial markets carries a significant risk of loss. Each material, shown on this website, is provided for educational purposes only. A perfect, 100% accurate method of analysis does not exist. If you make a decision to trade or invest, based on the information from this website, you will be doing it at your own risk. Under no circumstances is Trendsharks responsible for any capital losses or damages you might suffer, while using the company’s products and services. For more information read our Terms & Conditions and Risk Disclaimer.