This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Why a Likely Positive Surprise?
Zacks ESP: Expected Surprise Prediction or ESP represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate. Currently, the Most Accurate Estimate and the Zacks Consensus Estimate for Apple stand at $13.92 and $13.47, respectively. This equates to a +3.34% ESP for Apple.
Zacks Rank #3 (Hold): Note that Zacks #1, #2 and #3 Ranked stocks have a significantly higher chance of beating earnings.
These two factors make us reasonably confident about a positive earnings beat on Jan 23.
What is Driving the Better than Expected Earnings?
We expect strong performance from iPhone 5 combined with the launch of the new iPad mini, iPad 4 and iMac product lines to drive earnings in the first quarter.
Apple launched iPhone 5 in China, South Korea and 50 additional countries in the first quarter. Apple sold 2 million iPhones in China in the very first weekend. In the domestic market, carriers AT&T (T - Analyst Report) and Verizon (VZ - Analyst Report) also reported continued strong demand for iPhone 5.
Apple’s new iPad mini and iPad 4 received overwhelming response, as the company sold three million iPads in just three days of launch. Apple also launched the iTunes store in Russia, Turkey, India, South Africa and 52 additional countries in the first quarter.
Other Stocks to Consider
Apple is not the only firm looking up this earnings season. We also see likely earnings beats coming from these two industry peers:
Please login to Zacks.com or register to post a comment.