AAPL earnings watch

AAPL Q4 Sep 2023 earnings are today, Thursday, 11/2/23 at 4:30pm. Apple (AAPL) reported earnings of 1.26 per share on revenue of 81.8 billion for fiscal Q3 ending June 2023. The consensus earnings estimate was 1.19 per share on revenue of 72.81 billion. The company beat expectations by 1.61% while revenue fell 1.40% compared to the same quarter a year ago.

The company said during its conference call it expects fourth quarter revenue to decline approximately 1.4% year-over-year, to approximately 88.88 billion, and sees gross margins of 44% to 45%, which calculates to earnings of 1.34 to 1.40 per share.

AAPL multi-time frame analysis brings it back to delta neutral before its earnings announcement today. Here's an AAPL 3x split frame 1 week, 1 day(16hr ext.) and half day(195 minutes) charts. As you can see, AAPL 3 year trajectory trend channel neutral price is 177. AAPL VWMA50 on the 1 day chart is 177. AAPL Half day chart mid price is 173.

Q4 Sep 2023 Consensus:
EPS = 1.39
Revenue: 84.69 B

Recent earnings HL range:
8/3/23 = 196 - 185
5/4/23 = 171 - 164
2/2/23 = 152 - 142
3x avg. = 9

3 year trajectory trend channel:
resistance = 191
pivot = 177
support = 164

1 day chart:
1 year AWVWAP = 169
VWMA50 = 177

Half day chart:
1/3 L - 10/26 L support line = 166
7/19 H - 10/12 H resistance line = 179

Options data:

11/3 expiry
Put Volume Total 135,347
Call Volume Total 137,025
Put/Call Volume Ratio 0.99
Put Open Interest Total 199,920
Call Open Interest Total 246,788
Put/Call Open Interest Ratio 0.81

11/10 expiry
Put Volume Total 31,673
Call Volume Total 31,098
Put/Call Volume Ratio 1.02
Put Open Interest Total 65,429
Call Open Interest Total 77,442
Put/Call Open Interest Ratio 0.84

11/17 expiry
Put Volume Total 42,853
Call Volume Total 27,751
Put/Call Volume Ratio 1.54
Put Open Interest Total 426,354
Call Open Interest Total 426,197
Put/Call Open Interest Ratio 1.00

1/19/2024 LEAPS
Put Volume Total 22,185
Call Volume Total 23,892
Put/Call Volume Ratio 0.93
Put Open Interest Total 774,670
Call Open Interest Total 984,277
Put/Call Open Interest Ratio 0.79

Comment:

Apple Beat Expectations
Apple (AAPL) reported earnings of 1.46 per share for the fiscal Q4 ending September 2023. The consensus earnings estimate was 1.39 per share on revenue of 84.69 billion. The company beat expectations by 0.69%.

Comment:

11/3/23 AAPL update:
SMA20 = 174
SMA50 = 176
SMA100 = 182
SMA200 = 171
AVWAP = 169