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“The biggest highlight in Apple’s fiscal Q3 earnings report was its uncharacteristically aggressive revenue guidance,” Zaky writes. “The street was generally looking for Apple to provide guidance in the range of $16 to $16.5 billion, and Apple far exceeded those estimates with their incredible $18 billion estimate. Everyone knows Apple’s management to be overly conservatively when providing forward looking statements. So to see an $18 billion estimate come out of Apple was clearly the biggest surprise I’ve witnessed in a long time.”
Zaky writes, “Yet, as many Wall Street analysts have noted in their estimates, there’s reason to breathe caution into the air when relying on Apple’s guidance this quarter. I believe Apple’s management has become slightly more aggressive with its estimates simply because I don’t see where Apple will be able to derive the revenue to far exceed its own expectations this time around. The street is generally modeling for Apple report $3.95 in EPS on $18.29 billion in revenue. While I think the street is a tad bit low in its forecast, I don’t believe Apple will beat estimates by quite as wide of margin as it has in recent quarters. I’m currently modeling for Apple to report $4.45 in EPS on $19.1 billion in revenue.”
Much more in the full article – recommended – here.
Apple does a +$20 Billion Quarter in Q4 who will have egg on their face then?
Zachy has a good record
Duh
I wish I could predict within 5%. I don’t think that would be embarrassing at all. You give us your number and we can see if you are so smart.
If Apple is forecasting almost $2 billion over what was expected, they’ll likely beat their guidance by almost $2 billion. I’m calling for $20.1 billion.
They’ve got something up their sleeve. FaceTime-enabled iPad in November?
Ugh. Lack of a post editing feature burnt me again. Meant September, not November.
Apple is sneaking in enterprise market with iPhone, iPad and MacBookPro. That is huge.
@Cubert. Could be, but also might be iPhone on Verizon sooner than what everyone is expecting.
Everyone always forgets that they have 6 months of iPhone revenue stuffed up their sleeve!!!
So, if Zaky is close to right and Apple does $4.45 eps on $19.1B in sales, then the full Fiscal Year will have been $14.96 eps on $64B in sales!!! Amazing year, especially since last year showed $9.08 eps on $42.9B in sales, a 65% and 49% increase respectively. Since when has a company of Apple’s size grown so fast? Ever?