AAPL to Release Earnings on January 28

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Apple Inc. (AAPL) is scheduled to release earnings on January 28, 2020, after the market closes, and will hold a conference call at 5:00 PM ET on the same day. The stock currently trades at 317.48, which is 27.6% higher than the close following its last reported earnings, trading with a range of 237.26 to 323.33 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 5.1% move for this earnings, and during the previous earnings release, the stock experienced a +2.3% move. Over the last 12 quarters, the absolute average move has been ± 4.3%, with a minimum move of 0.3% and a maximum move of 6.8%. AAPL has experienced 6 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
2 Weeks Before Earnings:For each of the last 5 quarters, AAPL stock price has gone up in the 2 weeks before earnings. It has had an average gain of +2.1% during that span.
Earnings Opening Gap:For 9 of the last 12 quarters (75%), the stock price has gapped open with significant gains, on average opening up +2.5%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling Credit Put Sprd (S75P, L25P)  the day before earnings had 75% winning occurrences, for an average gain of +39%. Additionally, buying at-the-money straddles  the day before earnings  resulted in 75% winning occurrences, for an average return of +30%.

EPS Estimate

Analysts are currently expecting AAPL to report an earnings of $4.54 per share, compared to $4.18 for the same quarter last year. Revenue is expected to come in at $88.4 billion versus $84.3 billion for the previous year.