AAPL - Sentiment Remains Strong and Moves Upward Ahead of Earnings
October 26, 2009 in Financial
[prMac.com] Los Altos, California - Crowd Technologies, Inc. provider of the stock prediction site Piqqem, has announced the sentiment results for Apple Computer going into their earnings announcement on Monday. Apple is scheduled to release Q4 earnings this Monday October 19th, after the market close.
Average analyst estimates for the Mac and iPhone maker are $1.42/share in EPS and $9.2 billion in Revenue. Thirty-six analysts track the stock with sixteen 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 $.18/share or 15.4%, $1.35/share vs. $1.17/share.
"I always find this a tough period waiting to see if the company is going meet, exceed, or miss their earnings estimates." said Jett Winter, CEO. "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."
Sentiment for AAPL:
* 06/30/09 - 2.94
* 07/21/09 - 2.97 (Q3 Earnings Release)
* 07/31/09 - 2.93
* 08/31/09 - 2.91
* 09/30/09 - 3.01
* 10/17/09 - 3.08
The above table shows Apple's sentiment increasing by 5% from the beginning of the quarter to today. The chart also shows that sentiment increased by 2% from the end of Q4 thru today. This last indicator has historically been the most accurate indicator regarding an earnings surprise, both upside and downside. On the Piqqem scale, Apple's sentiment rating of 3.08 indicates very high quality and this is considered a strong buy. Only Apple knows their actual results, but their current sentiment points to Apple beating earnings expectations on Monday.
Jett Winter is CEO of Crowd Technologies, Inc. a company that develops applications that leverage the wisdom of crowds. Their first major application is Piqqem which captures, processes, and presents sentiment data on the future price and price direction of publicly traded securities. Piqqem provides five types of sentiment on securities: i) Price Directional ii) Price Specific iii) Demographic iv) Relative (Stock vs. Stock) and v) Time-Based.