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Earnings Forecast for Apple, Bank of America, Starbucks, and More

Strategic Insights

— 2 min read

Apple Inc. ended 2014 on a high note, with December sales stronger than in previous years, driven by continued high demand for the iPhone 6 and iPhone 6 Plus. However, the company faces uncertainty due to the rising US dollar and increasing app prices in the European Union, Norway, Canada, and Russia. Bank of America, on the other hand, is expected to disclose its quarterly figures, with revenue likely to climb to $413.6 billion in 2014, but with a 5% slump in profit due to record legal costs. Starbucks faces concerns over disappointing holiday quarter results, with its Chief Operating Officer Troy Alstead taking an extended unpaid leave of absence.

Key Takeaways:

  • Apple Inc. ended 2014 with December sales stronger than in previous years, driven by the iPhone 6 and iPhone 6 Plus.
  • The company faces uncertainty due to the rising US dollar and increasing app prices in the European Union, Norway, Canada, and Russia.
  • Bank of America is expected to disclose its quarterly figures, with revenue likely to climb to $413.6 billion in 2014, but with a 5% slump in profit due to record legal costs.
  • Starbucks faces concerns over disappointing holiday quarter results, with its Chief Operating Officer Troy Alstead taking an extended unpaid leave of absence.
  • The industries of Electronic Equipment and Money Center Banks saw declines, while Specialty Eateries slipped due to concerns over Starbucks' performance.
  • Investors should check earnings forecast reports for Apple (AAPL), Bank of America (BAC), Starbucks (SBUX), Rite Aid (RAD), Brocade (BRCD), and Bed Bath & Beyond (BBBY) for more information.

Statistics:

  • Apple (AAPL) closed out 2014 with a share price of US$112.01, down 0.11% from its opening price of US$112.67.
  • Bank of America (BAC) lost 1.79% in its share price to US$16.98, with 84.14 million shares exchanged hands compared to a daily average volume of 77.64 million.
  • Starbucks (SBUX) declined 3.27% in its share price to US$79.79, with 13.78 million shares exchanged hands compared to a daily average volume of 5.20 million.
  • The industries of Electronic Equipment and Money Center Banks saw declines, while Specialty Eateries slipped due to concerns over Starbucks' performance.
  • Revenue at the six largest firms is likely to climb to $413.6 billion in 2014, but with a 5% slump in profit due to record legal costs.

Sources:

  • PR Newswire: "Reveal Earnings Forecast for Apple, Bank of America, Starbucks, Rite Aid, Brocade and Bed Bath & Beyond"
  • EarningForecast.com: "Earnings Forecast Research"
  • EarningForecast.com: "About Us"
  • EarningForecast.com: "Disclaimers"

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