We got a nice bump up in Q1 “Operating Earnings” expectations from Howard Silverblatt at S&P Global last week (from $36.82 to $37.23). This is helpful because it puts a $2.20 cushion from the possibility of having 2 sequential quarters of drops in operating earnings vs. the $1.79 cushion we had fallen to as recently as April 10. Does this mean we are out of the woods? Not yet. We dropped $3.79 in operating earnings in the last 4 weeks of the Q4 reporting period. Apple (AAPL) will be key to see if we can avoid the same fate. But things are certainly moving in the right direction…
For a deeper understanding about why operating earnings are critical this quarter, read this post from April 12 (as well as the original post at the end of it) here:
