die Suche nicht funktioniert oder nur teilweise,stell ichs mal so rein,war da der Threadfresser gestern unterwegs?leider nur auf englisch aus meiner Post von earningswhispers heut:There is some good news regarding Intel and the semiconductor industry.
Analysts have slightly raised revenue estimates recently and, in a recent
note to clients, JP Morgan Chase said the long-term view for the sector is
positive and that a bottom should be reached in September. However, the bad
news is expected to outweigh the good news and Scott Randall at Wit
SoundView lead this sentiment on Monday when he lowered his earnings
estimates. Mr. Randall stated that his firm's proprietary checks indicate
that there is weaker-than-expected demand for PC components and pricing
pressure will hurt the company's profit margins.
This is inline with comments made by Merrill Lynch analyst Joseph Osha last
week, but the most negative comments about Intel by Mr. Osha were regarding
Intel's valuation. Mr. Osha told clients that Intel's forward looking PE is
52 times estimates. This is compared to a PE on 12-month estimated earnings
of 19 in the fall of 1998 and a peak of 45 times estimated earnings this
time last year. Therefore, despite an expected bottoming in the
semiconductor industry in the second half of the year, Mr. Osha told clients
that he has "difficulty imagining any second-half recovery that could raise
earnings, and investor expectations, to a level sufficient to keep the stock
moving up."
The consensus revenue estimate is $6.4 billion. The revenue whisper is
slightly higher at $6.5 billion. The First Call consensus earnings estimate
is $0.10, while Zacks Investment Research has compiled an average of $0.11.
The Earnings Whisper ® number is $0.11, with a weakened gross profit margin
of 48% keeping estimates inline despite slightly better revenue.
Similar to Intel, there are mixed expectations for Apple Computers (AAPL) on
Tuesday after the market closes. There are mixed expectations by analysts
about the strengths and weaknesses expected to be reported and there are
mixed expectations among the analysts about the overall outlook for Apple's
quarter. The final numbers should be basically the opposite of Intel's, with
Apple reporting an earnings surprise despite a revenue miss.
Brett Miller at A.G. Edwards told clients on Friday that he was impressed
with Apple's products and the expansion of its sales channel. Apple's main
strength is its extremely loyal customer base and its 20%-plus share of the
U.S. education market. Apple's new iBook portable should have strong numbers
as wireless notebooks are added to more classrooms. In addition, the June
quarter has traditionally had strong educational sales as schools use up
their year-end budgets, which generally end on June 30. Furthermore, Apple
should sell 120,000 units of its Titanium PowerBook - up from 115,000 last
quarter.
unit sales will be weak even if Apple is able to report higher than expected
numbers. If unit sales fall more than 25% for the quarter, Mr. Fortuna told
clients that the stock would like fall.
Kimberly Alexy at Prudential Securities told clients recently that her
checks suggest that the company's revenue growth expectations were too
aggressive and she expects Apple to fall short of top line estimates.
However, Mark Specker at Wit SoundView noted that Apple's average selling
price has risen 29% in the past two years while Compaq's and
Hewlett-Packard's have dropped 26% during the same period. At the same time,
Apple has increased U.S. consumer PC market share from 5.8% to 6.6%, which
should help the bottom line.
The consensus revenue estimate is $1.55 billion and the consensus earnings
estimate is $0.14. The revenue whisper is $1.47 billion and the Earnings
Whisper ® number is $0.15.
Analysts have slightly raised revenue estimates recently and, in a recent
note to clients, JP Morgan Chase said the long-term view for the sector is
positive and that a bottom should be reached in September. However, the bad
news is expected to outweigh the good news and Scott Randall at Wit
SoundView lead this sentiment on Monday when he lowered his earnings
estimates. Mr. Randall stated that his firm's proprietary checks indicate
that there is weaker-than-expected demand for PC components and pricing
pressure will hurt the company's profit margins.
This is inline with comments made by Merrill Lynch analyst Joseph Osha last
week, but the most negative comments about Intel by Mr. Osha were regarding
Intel's valuation. Mr. Osha told clients that Intel's forward looking PE is
52 times estimates. This is compared to a PE on 12-month estimated earnings
of 19 in the fall of 1998 and a peak of 45 times estimated earnings this
time last year. Therefore, despite an expected bottoming in the
semiconductor industry in the second half of the year, Mr. Osha told clients
that he has "difficulty imagining any second-half recovery that could raise
earnings, and investor expectations, to a level sufficient to keep the stock
moving up."
The consensus revenue estimate is $6.4 billion. The revenue whisper is
slightly higher at $6.5 billion. The First Call consensus earnings estimate
is $0.10, while Zacks Investment Research has compiled an average of $0.11.
The Earnings Whisper ® number is $0.11, with a weakened gross profit margin
of 48% keeping estimates inline despite slightly better revenue.
Similar to Intel, there are mixed expectations for Apple Computers (AAPL) on
Tuesday after the market closes. There are mixed expectations by analysts
about the strengths and weaknesses expected to be reported and there are
mixed expectations among the analysts about the overall outlook for Apple's
quarter. The final numbers should be basically the opposite of Intel's, with
Apple reporting an earnings surprise despite a revenue miss.
Brett Miller at A.G. Edwards told clients on Friday that he was impressed
with Apple's products and the expansion of its sales channel. Apple's main
strength is its extremely loyal customer base and its 20%-plus share of the
U.S. education market. Apple's new iBook portable should have strong numbers
as wireless notebooks are added to more classrooms. In addition, the June
quarter has traditionally had strong educational sales as schools use up
their year-end budgets, which generally end on June 30. Furthermore, Apple
should sell 120,000 units of its Titanium PowerBook - up from 115,000 last
quarter.
unit sales will be weak even if Apple is able to report higher than expected
numbers. If unit sales fall more than 25% for the quarter, Mr. Fortuna told
clients that the stock would like fall.
Kimberly Alexy at Prudential Securities told clients recently that her
checks suggest that the company's revenue growth expectations were too
aggressive and she expects Apple to fall short of top line estimates.
However, Mark Specker at Wit SoundView noted that Apple's average selling
price has risen 29% in the past two years while Compaq's and
Hewlett-Packard's have dropped 26% during the same period. At the same time,
Apple has increased U.S. consumer PC market share from 5.8% to 6.6%, which
should help the bottom line.
The consensus revenue estimate is $1.55 billion and the consensus earnings
estimate is $0.14. The revenue whisper is $1.47 billion and the Earnings
Whisper ® number is $0.15.
