In preparation for Apple’s Q2 08 earnings and Q3 08 guidance (shudder!) here are the consensus estimates of analysts surveyed by Thomson Reuters for Apple Inc. (AAPL):
• Q2 08 EPS up 23% to $1.07, revenues up 32% to $6.964 billion (vs. Apple’s guidance of $0.94 EPS on revenue of “about $6.8 billion.”)
• Q3 08 EPS up 20% to $1.10, revenues up 32% to $7.159 billion
• FY 08 EPS up 31% to $5.16, revenues up 32% to $31.679 billion
In Nasdaq trading today, shares of Apple Inc. rose to hit a new all-time closing high. Apple’s all-time intraday high was also set today…
Ben Stiller and Mike Judge are developing a new comedy series for Apple TV, currently titled “Protective Custody,” stars Stiller…
Apple is gearing up for what could be its most dramatic iPhone redesign in over a decade. Fresh leaks suggest the 2027 models…
The top 10 best-selling smartphone models accounted for a record 25% of the global market in the March quarter — the highest concentration…
Apple on Thursday asked the U.S. Supreme Court to review a lower court ruling that held the iPhone maker in civil contempt for charging…
I’m so excited I could kvetch.
Nices – yeah – I’am first. Of coarse. Hahahaha.
Suck on that, Jobs.
S.Jobs,
1, You’re not first
2. You meant, “I’m”
3. You meant, I’m sure, “course”
Yeah, I’m just passing the time ’til the results are announced…
S.Jobs: Wow, seven words and at least four errors. edbenet even gave you the benefit of the doubt, and ignored Nices. Grammar and usage are doomed. Sigh.
Let’s just hope, Apple doesn’t get too modest when it comes to future guidance.
If you buy and sell stocks based upon how the market will react to Apple’s future guidance, then you should definitely get out of the business. Either buy for the long run or think you can out know those that are in the know, but don’t base your stock purchases on short term fluctuations or the rationality of the market.
Apple will be fine. Anyone who has followed Apple can see where it is headed. Obsessing over every minute fluctuation in Apple’s share price show’s a smallness of mind and an unwillingness to grasp how financial markets work.
Yeah.
But I need to know the framerate when I play games.
Wallstreet has yet to produce a good gaming platform.
Those are mighty high consensus estimates. I’ll hold my breath and hope for the best.
over the past couple years, apple has beaten revenue guidance by 2-5%, and beaten profit guidance by 40%.
Given the alternatives, I would much rather that Apple under-guide and over-perform. In the long run the superior performance will be reflected in the stock price. Buy and hold.
Falkirk
Can’t win the battle & the stress is the fun part.
there are some real problems with these estimates. i actually lightened my position based upon the 0.94 est given by Apple last quarter. The problem is this:
1. If they blow past the numbers, ie. 1.10, no one will ever believe them again.
2. If they hit 1.07, it won’t be good enough and more than that, credibility will be an issue again.
3. If they hit b/w 0.94 and 1.07, then the idiots-at-the-helm and the New Cramerites will beat this thing to a pulp….120 not a mirage. Unless they offer some weird guidance or an announcement about an upcoming product, which is something they rarely do on conference calls. Additionally, this company likes to put out bad news away from options expiration and good news days before options expiration.
This will be an interesting day. More downside than up potentially, but I’m still hanging on to my remaining positions.
rick.
@rickw – AAPL routinely blows past their numbers. Still, the street doesn’t like low guidance, which is why shares got hammered last quarter after the announcements.
Never mind the consensus numbers. The whisper numbers are much higher. My guess is a hard hit if either: (a) the numbers only meet consensus but don’t touch the whisper numbers; or (b) guidance is anything less than rosy.
As you correctly noted, there’s more downside than up here, but like you, I have a hunch they’ll pull it off.
Frankly, I’ve always admired how this company (might be Jobs himself) refuses to play Wall Street’s games.
It looks like Ballmer’s head there on the left is fixing to “kvetch”.
If we are all really focused long-term, then we won’t let today’s results bother us…good or bad.
With the streets view of Apple, the good will always be only a little bit good, and the bad will always be a whole lotta bad. If only skepticism could be a magnet on M$’s refrigerator instead of Apple’s.
C1: Feeling a little verklempt?