Roundup of Analyst Expectations Ahead of Q2 2013 Earnings Call

Discussion in ' News Discussion' started by MacRumors, Apr 23, 2013.

  1. macrumors bot


    Apr 12, 2001

    Philip Elmer-Dewitt has assembled his quarterly list of analyst predictions ahead of Apple's earnings report this afternoon. The list includes estimates from 67 analysts: 26 "independent" and 41 "institutional" who work for large investment houses or research organizations.

    This is one of the most important earnings calls of Apple CEO Tim Cook's tenure as CEO. Apple's stock price is down significantly from its highs of last year, and investors are concerned about Apple's growth prospects across both existing and new product lines.

    Typically, the amateur analysts expect significantly higher revenue and earnings than the professionals, but Elmer-Dewitt notes the gap is less than usual this time. The independent consensus has Apple just beating its guidance, while the pro's are expecting Apple to hit near the middle of its range.
    In the first quarter, the company earned $13.1 billion in profit on revenue of $54.5 billion.

    Last quarter Apple changed how it provides guidance, choosing to offer a range of guidance for what the company believes it can achieve, rather than a point prediction. Apple provided guidance for the second quarter for revenue of between $41 and $43 billion and gross margin between 37.5% and 38.5%.

    Apple will announce its earnings for the second fiscal quarter of 2013 (first calendar quarter of 2012) 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. MacRumors will have live coverage of the proceedings.

    Article Link: Roundup of Analyst Expectations Ahead of Q2 2013 Earnings Call
  2. macrumors 65816


    Jun 3, 2009
    SF Bay Area
    In b4 Apple is doomed because it didn't meet Wall Street's expectations but still made billions of dollars.
  3. macrumors 6502a

    Jul 15, 2011
    Time to..... Stock up! YEAAAAA!
  4. macrumors 68030


    Jul 30, 2010
    Glasgow, Scotland
    26 independent analysts:

  5. macrumors 6502


    Jan 21, 2011
    New York City
    I bought puts, lets hope for a sell off!
  6. macrumors G4

    Chupa Chupa

    Jul 16, 2002
    You don't seem to understand investors. They are not fan boys. They invest their money in hopes it will grow, not stagnate. So just because Apple makes billions if it's not making billions more quarter over quarter, i.e., growing, that's NOT a good thing.
  7. macrumors 6502a


    Apr 29, 2009
    Chicago, IL
    Agreed. I know of no other business that is called "doomed" because they "only" pull in margins above 35% every time, when others pull in something like 5% and are treated like the Second Coming.


    Wrong. They want their money to double RIGHT NOW instead of exercising the patience that a sensible person would. That's why Warren Buffet plays the long game and reaps amazing success, and these other airchair experts are little more than get-rich-quick-demanding fools.
  8. pgiguere1, Apr 23, 2013
    Last edited: Apr 23, 2013

    macrumors 68020


    May 28, 2009
    Montreal, Canada
    Last quarters, the stock didn't drop because revenues didn't grow, it dropped because the growth of revenues didn't grow. They expect Apple's revenues to grow exponentially since that's what we've been accustomed to in recent years.

    Even if Apple has, by a large margin, the highest profit share in 3 of the most profitable industries on earth (computers, smartphones and tablets), they're expected to continue growing very fast by introducing new super-profitable categories and again, grabbing most of their profits while said categories grow exponentially. All that without losing profit share in past categories while they also continue to grow. Easy task eh?

    Meanwhile, companies like Amazon see their stock going up while they report no profit at all.
  9. macrumors regular

    Feb 5, 2013
    professional analysts:confused:
  10. macrumors 6502


    Jun 6, 2012
    I'm sure I'm stupid and not understanding, but I thought orders were off, component suppliers were down, etc so how/why is it that analysts expectations seem to align with Apple's expectations for the quarter?
  11. macrumors regular

    Jan 20, 2009
    I shop at Amazon nearly weekly, $25-50 of books and household supplies

    Vastly different than a once every 5 years-computer / 3 years-mobile phone
  12. macrumors regular


    Jun 28, 2012
    Helios Prime
    Apple ALWAYS exceeds expectations, even when you don't expect all that much from them...
  13. macrumors 6502a


    Apr 5, 2010
    One Infinite Loop, Cupertino CA
    Yeah. Everyone in the world could buy everything they would need EVER, EVERYDAY And Amazin wouldn't make more than 10 billion dollars per quarter. The reason why is amazons net margin - 0.8%. They make NOTHING. it's all "SOMEDAY" we'll raise margins. It's a rediculous notion, and the stock will suffer in the next 5 years if they keep it up.
  14. macrumors regular

    Oct 20, 2011

    Their growth slowed so they are no longer valued at $700/share (which was the accepted price for the exponential growth that you yourself admit we've grown accustomed to in recent years). Why then is it a surprise that when actual growth comes in lower than expected, that the stock would be worth less?

    In any case, expect this stock to drop like it's a call on an iphone in about 3 hours.
  15. macrumors 68030

    Mar 4, 2011
    Amazon is a seller of other people's stuff. If Amazon sells a $1000 Sony TV... only a teeny tiny part of that goes to Amazon.

    That's why retailers like Amazon can have billions in revenue... but only have millions in actual profit.

    Of your $50 in household purchases... Amazon maybe gets 50 cents in profit (I'm guessing, obviously, but you get the point)

    Apple could theoretically make more money from you buying one iPhone every 3 years than Amazon makes from your weekly purchases over the same 3 years.
  16. macrumors 68020

    Jul 8, 2006
    A couple more hours to go before another bloodbath. Perhaps this may be the quarter to sidestep an earnings report?
  17. macrumors 604


    Mar 26, 2008
    Planet Earth
    mac os x cougar devprev afterwards? :p
  18. macrumors 603


    Aug 23, 2012
    McKinney, TX
    Well, I see a "We exceeded expectations" call coming.....

    promptly followed by Apple stock dropping below $300 and people crying "their doomed, their doomed!"
  19. macrumors 6502a


    Jan 10, 2012
    /home @
    Who will get fired this time? Not the "Chief Cartographer", I assume. ;)
  20. macrumors 68030


    Oct 3, 2009
    I don't understand the point of "analyst expectations", can't they just sit still, wait patiently and find out with 100% certainty very soon?
  21. macrumors 603


    Jan 20, 2010
    It's been exactly 6 months since the last Apple event, something needs to happen soon!
  22. macrumors 68040


    Aug 31, 2007
    Land of the Free-Waiting for Term Limits
    It will today, about 5 est.
    No new products though, just hang on- some incredible stuff in the pipeline (can't get into further detail.)
  23. macrumors 604


    Sep 8, 2002
    The Netherlands
    Contradictio in terminis.
  24. macrumors member

    Jan 11, 2013
    THANK YOU! Thought I'm the only one who noticed this !
  25. macrumors 6502


    Nov 3, 2011
    ooooo lord..... here we go

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