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
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%
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.