Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

MacRumors

macrumors bot
Original poster
Apr 12, 2001
64,426
32,264



Philip Elmer-Dewitt has put together his list of analyst predictions ahead of Apple's quarterly earnings report this afternoon. The list includes estimates from 36 analysts: 16 "independent" and 20 "institutional" who work for large investment houses or research organizations.

NewImage40.png
As usual, the independents are much more bullish than the institutional analysts. The independent consensus expects earnings per share (EPS) of $9.66 on revenue of $37.23 billion. The institutional consensus is EPS of $8.75 on $35.51 billion in revenue. This is a 5% difference on revenue and a 10% difference on EPS, a smaller gap than we've seen in recent quarters.

Last quarter the company earned $8.8 billion in profit on revenue of $35 billion. For this quarter, Apple issued guidance of $34 billion in revenue with profits of $7.65 per share. The company typically exceeds its guidance by a significant margin.

Apple will announce its earnings for the fourth fiscal quarter of 2012 (third 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.

Though the September quarter is the final quarter of Apple's fiscal year, AllThingsD quotes JP Morgan analyst Mark Moskowitz:
"Our view is that September quarter numbers do not matter," J.P. Morgan analyst Mark Moskowitz said in a Wednesday research note to clients. "Apple can miss or beat. It does not matter. ... In our view, the two important iPhone and iPad launches set the stage for big numbers to be reported in late January 2013 as relates to December quarter results."

Article Link: Roundup of Analyst Expectations Ahead of Q4 2012 Earnings Call
 

basesloaded190

macrumors 68030
Oct 16, 2007
2,693
5
Wisconsin
That's nice that J.P Morgan doesn't care if they hit their numbers, but the rest of the market does and if they don't, it's going to be a bad day tomorrow.
 

omenatarhuri

macrumors 6502a
Feb 9, 2010
931
909
i dont care if they made a few billions more, just give me iTunes 11!
Say, why is iTunes 11 a big deal to you?

Really looking forward to this. Ive been buying on this latest slide and am hoping for a stormy rise to or near 700 before end of year.
 

paul4339

macrumors 65816
Sep 14, 2009
1,451
734
you'd think that the GM would decrease a bit since they refitted almost their entire product line.

.
 

ghsDUDE

macrumors 68030
May 25, 2010
2,922
740
Sold my shares...I'm going to re-buy after the selloff after this below average earnings that's going to affect the market.
 

omenatarhuri

macrumors 6502a
Feb 9, 2010
931
909
a new UI! i love these, something new to play around with. same reason i think iOS is getting kinda boring :p
Maybe you give spotify a try, that's what I use on the desktop and also on the go. The UI is definitely different and I think it's a great way to find new music.
 

iMikeT

macrumors 68020
Jul 8, 2006
2,304
1
California
My prediction

AAPL will "miss" the market expectation and the stock price will take a dump for the next few weeks. Days leading into the next dividend, the stock price will start to move up again. By the end of the year we'll see it back up to these levels and beyond. After they report for the holiday quarter in January, the stock price will see new all time highs, again.
 

Akarin

macrumors 6502
Oct 16, 2011
290
17
Nyon, Switzerland
Since when analysts are somewhat qualified to predict Apple results? So far, they have a certain track record of being wrong and then explaining why they were wrong.
 

mantan

macrumors 68000
Nov 2, 2009
1,745
1,042
DFW
I always shake my head the revenue and earnings posts on MR where you hear from all the 'shareholders' around here and how excited they are...even though they own less than 10 shares.

I don't get any more excited about AAPL making huge profits than I do Exxon. They earned it, I don't hate them for it. But I'm not going to grab my pompoms and cheer about it.
 

cxny

macrumors 6502
Jan 13, 2004
335
0
New York
A sidebar that has menu items and a list of songs in the main window. Not really that different.

Oh and a 13 million song library for free/$5/$10 per month depending on your level of interest. I haven't touched my iTunes 20K songs since Spotify came to the US.

I do think AAPL needs to tend it's the ecosystem very carefully to keep people from drifting away and it may account for some of the loss in share price recently. If they don't have compelling content they will sell less devices in the long run.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.