∞ Piqqem data suggests a good quarter for Apple

Apple will announce on Monday its earnings for the September quarter. Thirty-six analysts that follow Apple predict the company will report a profit an average of $1.42 per share on $9.2 billion in revenue. The high estimate was $1.72 and the low was $1.24.

For this quarter’s earnings, we also decided to take a look at Piqqem’s Sentiment value for Apple. Sentiment is a value placed on the company based on the “wisdom of crowds” principle.

Piqqem data

“The above chart shows Apple’s sentiment increasing by 5 percent from the beginning of the quarter to today,” said Piqqem’s Jett Winter. “The chart also shows that sentiment increased by 2 percent from the end of Q4 thru today. This last indicator has historically been the most accurate indicator regarding an earnings surprise, both upside and downside. On the Piqqem scale, Apple’s sentiment rating of 3.08 indicates very high quality and this is considered a strong buy. Only Apple knows their actual results, but their current sentiment points to Apple beating earnings expectations on Monday.”

Apple will announce its earnings at the close of the markets today.