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Wall Street fine-tuning Apple’s fiscal Q312 numbers, Q412 outlook

Monday, July 16, 2012 · 1:42 pm · 8 Comments

“Cue the bullish Apple (AAPL) notes,” Tiernan Ray reports for Barron’s. “Several analysts [today] re-affirm their faith in the company, with previews of what to expected when the company report fiscal Q3 on July 24th.”

“Consensus for Q3 is $37.65 billion in revenue and $10.39 per share in profit, according to FactSet,” Ray reports.

Ray reports, “Some of today’s note contain cuts in iPhone, Mac, or iPad estimates, though they are all fairly upbeat on Apple in general.”

Read notes from four analysts in the full article here.

Categories: News

Tags: aapl, analyst estimates, analysts, Apple Inc., Apple Q312 earnings, Apple stock, finance

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Comment Feed

8 Comments

Raymond

Monday, July 16, 2012 - 2:15 pm · Reply

Apple will rocket for sure as iPhone 5 is coming in the next quarter .
- Kristian
  
  Monday, July 16, 2012 - 2:23 pm · Reply
  
  This quarter because they have to be ready for the holiday quarter. (We are living Q3 and Apple Fiscal Q4)
0zzie9O3

Monday, July 16, 2012 - 2:16 pm · Reply

The consensus earnings projection of $10.39 is $0.04 (4-cents) lower today than last week, so evidently analysts have been lowering their targets.
abcd

Monday, July 16, 2012 - 2:25 pm · Reply

Any dividend news?
- Kristian
  
  Monday, July 16, 2012 - 2:29 pm · Reply
  
  They start as scheduled.
  
  apple.com/pr/library/2012/03/19Apple-Announces-Plans-to-Initiate-Dividend-and-Share-Repurchase-Program.html
- Ansel
  
  Monday, July 16, 2012 - 3:08 pm · Reply
  
  Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.
  
  Meaning this Quarter is the start, payable next quarter, after earnings ……
  
  Repurchase Program stats after 9/30/12 …… $10 Billion repurchase over three years or a little over $3 billion a year …… Figuring $750 as average price, over the next three years that would take some 13-14 million shares off the Street …… Which will raise the per share about 35 a quarter, based on today’s earnings …. If my math is correct …..
  - Grouch4460
    
    Monday, July 16, 2012 - 3:37 pm · Reply
    
    No, you are wrong. As Apple announced at the time, the share buy back program is to stabilize the outstanding shares at the current number. Shares will only be purchased as necessary to cover those shares awarded to employees in the future as part of their compensation. They grant a thousand shares to an employee and buy a thousand in the open market leaving the shares outstanding total unchanged.
  - Mark
    
    Monday, July 16, 2012 - 3:42 pm · Reply
    
    Apple has said that the buyback is more to offset potential dilution from stock grants and options than to actually take a significant number of shares out of the float, so the buyback probably won’t have much of an effect on share price.