uploads///apple _

How Apple Stock Is Faring before Its Earnings Report

By

Jan. 25 2019, Updated 12:18 p.m. ET

Apple

American tech giant Apple (AAPL) is scheduled to release its fiscal 2019 first-quarter results on January 29 after the market closes. On January 2, this year’s first trading day, the company lowered its first-quarter guidance, resulting in its stock falling ~10.0% on January 3. Before we look at analysts’ estimates for Apple’s first-quarter earnings, let’s review how its stock has been trading this month.

Article continues below advertisement

Weakness in Apple stock

In the quarter ended December 31, Apple stock fell 30.1%, while the S&P 500 and NASDAQ Composite fell 14.0% and 17.5%, respectively. As of yesterday, the company’s stock had fallen 3.2% this month, whereas the S&P 500 and NASDAQ Composite index had risen 5.4% and 6.6%, respectively. Tech companies Microsoft (MSFT), NVIDIA (NVDA), Alphabet (GOOG), Facebook (FB), Amazon (AMZN), Netflix (NFLX), Oracle (ORCL), Intel (INTC), and Advanced Micro Devices (AMD) had risen 4.6%, 18.2%, 3.7%, 11.2%, 10.2%, 22.0%, 9.0%, 6.0%, and 12.9%, respectively, and chipmaker Qualcomm (QCOM) had fallen 10.7%.

Series overview

In this series, we’ll look at analysts’ estimates for Apple’s fiscal 2019 first-quarter revenue and profitability, and their recommendations for its stock ahead of its earnings release.

Advertisement

More From Market Realist

  • Thai Airways plane
    Consumer
    Thai Airways (TAWNF) Is Risky, Best to Avoid the Penny Stock
  • A "now hiring" sign outside a Popeyes restaurant, one sign that employers are having trouble finding employees willing to work for current wages.
    Consumer
    Why Employers Are Struggling To Fill Jobs Despite High Unemployment
  • Beyond Meat patties in a grocery cart
    Consumer
    Buying the Dip on Beyond Meat (BYND) Stock Is a Risky Move
  • People looking at data on a laptop
    Consumer
    Is Driven Brands (DRVN) a Good Stock to Buy? A Look at the Year Ahead
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.