“$AAPL is covered almost every hour by the financial media and reported on by outside websites quite literally thousands upon thousands of times each and every day. Today is reckoning day as the consumer electronics giant and largest company by market cap is due to report earnings after the close of trading.
Thomson Reuters has a consensus forecast of $13.44 earnings per share (EPS) and a gain of 18% in sales to $54.73 billion. For the current quarter’s guidance, Thomson Reuters has a consensus grouping of $11.70 EPS and $45.63 billion in revenue, for 16.4% expected sales growth. Wall St. will be focused on margin compression.
What investors need to care about the most is that Apple’s fundamental growth story remains, but its stock is broken and similar to peaking trends seen in many past great tech stories. It closed at $504.77, and its 52-week trading range is $443.14 to $705.07. Analysts have been lowering their price targets regularly of late, and the consensus price target from Thomson Reuters is now just under $710.00 for one-year from now. Apple is still worth some $475 billion in market value….”
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