Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). Inphi Corporation (IPHI) Earnings Transcripts Seeking Alpha Investing Groups Portfolios Find & Compare IPHI Inphi Corporation Earnings Call Transcripts 7.24K followers IPHI is defunct. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. However, the model's predictive power is significant for positive ESP readings only.Ī positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Stitch Fix Announces Second Quarter of Fiscal Year 2023 Financial. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. AMD has a Zacks Rank 3 and an Earnings ESP of -6.8. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Meanwhile, consensus mark for earnings is pegged at 9 cents per share, representing year-over-year growth of 12.5. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. This insight is at the core of our proprietary surprise prediction model - the Zacks Earnings ESP (Expected Surprise Prediction). Nonetheless, he stuck to his buy rating on the stock after Apple Q2 earnings and attributed the muted after-hours response to the fact that shares have already performed incredibly well since the start of the year which means much of the good news is already factored in.Įventually, he agreed, the Nasdaq-listed firm will need products like the AR/VR headset or an autonomous car to retain the strength of Apple stock.Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. So, they need emerging market of India to grow so more consumers there can afford Apple products. On a relative basis, there are more consumers in China with high discretionary income today than India. Davidson analyst, though, the switch will likely take a long time. The multinational is committed to shifting production from China to India. Also shows the annual dividend yield percent (latest dividend rate divided by the closing price on that latest dividend date. Dividend: Annual dividend, or portion of a company's profit paid to shareholders. Apple reports better-than-expected quarter driven by iPhone sales. Last month, Apple launched a high-yield savings account to expand its footprint in financial technology ( Earnings: The amount and date of latest Earnings Per Share (EPS) paid out to shareholders. Corporate Company Earnings, Find Earnings Per Share and Earnings History Online. Gross margin improved 20 basis points in Q2 to 44.3% Other products revenue was essentially flat at $8.76 billion IPad slipped roughly in line with estimates to $6.67 billion Revenue declined a bit under 3.0% to $94.8 billionĬonsensus was $1.43 a share on $92.9 billion revenue Per-share earnings (EPS) remained unchanged at $1.52 It also raised dividend to 24 cents a share – a 4.0% increase.Įarned $24.2 billion versus the year-ago $25 billion So, good results from Apple.Īlso on Thursday, Apple Inc authorised another $90 billion in stock buybacks and dividend payments. I also think they got an added boost from foreign exchange rates. Reopening in China had Apple well positioned from supply and demand standpoint. On the downside, Mac revenue tanked 31% on a year-over-year basis to $7.2 billion versus $7.8 billion expected.īut that was offset by the company’s services business that grew 5.5% to $20.9 billion – roughly in line with consensus. There could be additional momentum on the Chinese reopening trade. So, there’s opportunity for more sales to be shifted into June quarter. We think robust growth in non - iPhone revenue up 20 and 48 of sales. Good news is that sales shifted into March quarter instead of being lost entirely. Revenue / Earnings Data Revenue ( Million USD ) 0 5 3 2019 2018 1Q 2Q 84,310. IPhone brought in $51.3 billion worth of sales in Q2 – up 1.5% versus last year and beating Street estimates by a whopping $2.6 billion, as per theĬEO Tim Cook attributed that strength partially to the reopening of China. ) are up 2.0% in extended hours after the tech behemoth reported market-beating results for its second financial quarter.
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