Apple Quarterly Earnings Preview
Let's zero in on Apple earnings and expectations. In the three previous quarters, Apple has earned a total of $33.25 per share. Earnings estimates for the current quarter range from $9 to almost 13$ per share. At the high end of the range, that would increase trailing 12 months earnings to over $46 per share.
The Purple Chip model indicated a low signal on AAPL at $532 - this target was reached during May of this year.
If we assume that the valuation remains unchanged, then the stock price should increase as outlined in the chart below.
If the stock price does not increase, then valuation will have fallen considerably.
