Apple Inc. (NASDAQ:AAPL)  will release the earnings report for the first quarter of its 2013 fiscal year after closing bell today, and as always, there are lots of views on the company and speculations about what the report will actually show. Analysts at Topeka Capital Markets say they expect the recent volatility around the stock to actually increase today.

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In a report issued to investors today, Topeka Capital analyst, Philip A. Saunders, said Apple Inc. (NASDAQ:AAPL) shares have historically shown “moderate volatility” around the company’s earnings reports. He said the average movement on the stock over the last eight reports is plus or minus 3.9 percent in one day.

However, he expects shares of Apple Inc. (NASDAQ:AAPL) to move by 7 percent today due to the company’s earnings report—a significant increase. At this point the needle has hardly moved on the shares of Apple. The stock has risen less than 1 percent since the markets opened this morning.

On Tuesday, Topeka Capital analyst, Brian White, previewed Apple’s earnings. He said he believes the company is just adjusting “the ramp schedule around the iPhone and iPad,” which has “created excess noise in the supply chain” and raised the concerns of investors. White has given Apple a Buy rating.

Saunders said Apple’s earnings report today will likely create ripples in the reports of other companies today, including OmniVision Technologies, Inc. (NASDAQ:OVTI), Cirrus Logic, Inc. (NASDAQ:CRUS), Jabil Circuit, Inc. (NYSE:JBL) and Skyworks Solutions Inc (NASDAQ:SWKS). He points out that Cirrus Logic derived 79 percent of its revenue from Apple Inc. (NASDAQ:AAPL) in the last quarter, and its stock has shown great volatility around Apple’s earnings reports.

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