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Analyst on Apple: Short-Term Bear, Long-Term Bull

Monday, 8 Apr 2013 | 5:15 PM ET
Analyst on Apple: Short-Term Bear, Long-Term Bull
Monday, 8 Apr 2013 | 1:02 PM ET
Jeff Kilburg, founder and CEO of KMM Financial, offers his prediction on Apple ahead of its earnings release on April 23rd.

Apple reports its 2013 second-quarter earnings on April 23. The analysts' earnings-per-share consensus estimate is $10.14; revenues are estimated at $42.7 billion. Year-on-year Apple's stock is down 33 percent.

So what's the outlook for Apple? On Power Lunch's "Analyze This!" segment Monday, analyst Jeff Kilburg, founder and CEO of KMM Financial, says in the short-term he's not so hot on the stock, but looking further down-the-road, he is.

Kilburg says, "It feels like technically they want to go down to [a share price of] 400 and test those levels."

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AAPL
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