Roundup of Analyst Expectations Ahead of Q2 2012 Earnings Call

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Apr 24, 2012.

  1. macrumors bot

    MacRumors

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    #1
    [​IMG]


    Philip Elmer-Dewitt has put together his list of analyst expectations ahead of Apple's quarterly earnings report this afternoon. The list includes estimates from 23 "independent" analysts and 34 "affiliated" analysts who work for large investment houses or research organizations.

    As usual, the independent analysts are much more bullish than the affiliated analysts. The independent consensus expects earnings per share (EPS) of $12.74 on revenue of $42.73 billion. The institutional consensus is EPS of $10.18 on $37.06 billion in revenue. The six analysts with the best track record expect $12.49 EPS on $41.47 billion in sales.

    [​IMG]


    Click through to Elmer-DeWitt's post at Fortune to see the full-size chart.

    Apple will announce its earnings for the second fiscal quarter of 2012 (first calendar quarter) and host a conference call regarding the release this afternoon at 5:00 PM Eastern / 2:00 PM Pacific. The earnings release itself typically comes in around 4:30 PM Eastern.

    Last quarter the company announced record-shattering results in a number of areas, including $13.06 billion in profit on revenue of $46.33 billion. For the second fiscal quarter, Apple has issued guidance of $32.5 billion in revenue with profits of $8.50 per share. The company typically exceeds its guidance by a significant margin.

    Article Link: Roundup of Analyst Expectations Ahead of Q2 2012 Earnings Call
     
  2. macrumors 603

    ECUpirate44

    Joined:
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    NC
    #2
    Hope they talk about the stock dropping off recently. Crossing fingers for MBP update, but highly doubt it.
     
  3. macrumors 68030

    needfx

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    #3
    the best thing would be to have bought a few shares back in the 70s and sell them now.
     
  4. macrumors regular

    Joined:
    Jul 26, 2010
    #4
    Analysts... please, they're all idiots.
     
  5. macrumors 65816

    Joined:
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    London
    #5
    Ok I guess 41.59 - What do I win? One of these Pointless Suit's jobs and fat salary?
     
  6. macrumors 604

    thejadedmonkey

    Joined:
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    Pa
    #6
    CNBC is absolutely skewering Apple right now, mostly due to their lack of AT&T/Verizon activations this past quarter.
     
  7. macrumors 65816

    Joined:
    Jan 26, 2010
    Location:
    London
    #7
    '97 would have done me!
     
  8. macrumors 68030

    basesloaded190

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    Wisconsin
    #8
    Is that so? :cool:

    Hopefully Apple can share some big numbers for the quarter and help the stock rally after hours today and into tomorrow.
     
  9. macrumors 68020

    Joined:
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    #9
    Place y'r bets!
     
  10. macrumors Penryn

    rdowns

    Joined:
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    #10
    Not what this is for. THey will do what they always do, give you the state of Apple according to Cook and answer analyst questions. They won't announce any products.

    Real smart to compare this quarter to a xmas quarter. :rolleyes:

    Both ATT and Verizon numbers are up compared to last years quarter.
     
  11. macrumors G5

    Consultant

    Joined:
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    #11
    let's see, analyst expectation from me:
    - down from holiday quarter
    - up year over year
     
  12. macrumors G4

    Small White Car

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    Location:
    Washington DC
    #12
    Ah, TV news.

    I'm betting on China making up for softer domestic sales.* Seems very few are talking about that. Apple picked up a new carrier in China and launched the 4S there very near the end of the last quarter.

    We'll find out soon.




    * (Which, as others have said, are actually stronger domestic sales when looked at properly. But nevermind that.)
     
  13. macrumors G4

    *LTD*

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    #13
    There is simply no way Apple can match, in the quarter immediately following the Christmas quarter, the MONSTER holiday quarter they had.

    Apple is great at pulling off miracle quarters that just leave everyone in absolute awe, but to expect them to do it *every* time is rather unrealistic, and to expect them to equal and even *surpass* last quarter is just plain silly. But that's apparently what everyone expects.

    All anyone can be really expected to do is beat their own guidance, but Apple has not only set a massive standard for themselves, but they've raised the price of poker for everyone else. There's also the perennial expectation that Apple will lift everyone's boat.

    They'll do it and keep doing it for the foreseeable future, but let's keep post-Christmas quarter expectations (this time around) within the realm of sanity. They'll easily be up YoY, though. But it's likely that will no longer be good enough for anyone. We've all been spoiled.
     
  14. macrumors member

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    #14
    Hopefully they get huge numbers since the last quarter, Apple released the 4s in China :apple:
     
  15. 147
    macrumors newbie

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    Belgium
    #15
    Typo & New products

    "The independent consensus expects earnings per share (EPS) of $12.74 on revenue of $37.06 billion. The institutional consensus is EPS of $10.18 on $37.06 billion in revenue."

    Small typo here: I guess the independant consensus must be much closer to 41 to 42 billion in revenue (EPS is much higher than institutional).

    I already know that several questions will be asked concerning the "new products or updated products", and Apple will probably answer with their "No comment ™" .... yet that is the only thing interesting me right now - what & when for the new MBA, MBP & MacPro.
     
  16. macrumors 6502a

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    #16
    As longs as Apple makes money and saves its money earning calls should be scraped.
     
  17. macrumors 6502

    Joined:
    May 6, 2010
    #17
    That's when I bought. Everyone at the time said I was an idiot. :)

    A very real question is, "How high can it go?"

    I'm not selling anytime soon, but I have doubts about the $1000 projection.
     
  18. macrumors 603

    ECUpirate44

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    NC
    #18
    Right, the only thing they announced even close to that is the release of Lion. Still crossing my fingers lol.
     
  19. macrumors 65816

    Joined:
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    Location:
    San Francisco, California
    #19
    Am I reading the chart right? There are "analysts" out there expecting 40+ million iPhones to be sold? When the last quarter, a launch+holiday quarter, didn't even get to 40 mil??
    No wonder the stock has been going down the last 1-2 weeks.
     
  20. macrumors 6502a

    foodog

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    Atlanta, GA
    #20
    Don't let facts get in the way of a good story :p
     
  21. Contributing Editor

    jlgolson

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    Durango, CO
    #21
    You're right, the independent consensus is $42.73 billion in revenue.

    Good catch, fixed.
     
  22. macrumors 68000

    keysofanxiety

    Joined:
    Nov 23, 2011
    #22
    I know people are saying: "there'll be no new Macs announced", but didn't Apple announce new MacBook Airs during last year's earnings call in July? Unless I've got that confused with a different event.

    Of course, deep down, I know they won't be announcing any new products. A man can still dream, though! You think the Mac Pro's been neglected; any idea how long I've been waiting for my PowerBook G5?!
     
  23. macrumors 65816

    Joined:
    Sep 14, 2009
    #23

    Yep... and what's worst is when 'analyzing' Nokia results CNBC calls it

    In otherwords, they use Apple's Q/Q results to claim something insightful, but they use Nokia's Y/Y results to claim something insightful. just goes to show that you can prove anything you want if you select the right data.
    :rolleyes:
    .
     
  24. macrumors 68040

    Joined:
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    somewhere else
    #24
    Your memory fails you. They have never announced new product during a financial conference call.

    They have once or twice announced new product the day after.
     
  25. keysofanxiety, Apr 24, 2012
    Last edited: Apr 24, 2012

    macrumors 68000

    keysofanxiety

    Joined:
    Nov 23, 2011
    #25
    Awwh, I knew I went wrong somewhere -- 'somewhere' being 'in my entire memory'. :(

    Never mind. That still means they might announce new products tomorrow, right? /patheticallyhopeful
     

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