Ray reports, “Um is modeling $24.57 billion in revenue and $5.40 in EPS, on a 36.8% gross margin. The Street has been looking for $23 billion and $4.80 per share.”
Read more in the full article here.
MacDailyNews Note: The “Street” expectations that Ray quotes above are incorrect. Currently, according to Thomson Financial Network, analysts’ consensus estimates call for $5.31 EPS on revenue of $24.25 billion (vs. Q110 results of $3.67 EPS on revenue of $15.68 billion). On October 18, 2010, Apple CFO Peter Oppenheimer provided the following guidance: “Looking ahead to the first fiscal quarter of 2011, we expect revenue of about $23 billion and we expect diluted earnings per share of about $4.80.”
Yikes! This is getting interesting!
Obviously those Swiss gnomes tunneling under the Alps know more about the valuation of Apple than that so called American anal-list Laura Goldman ever could.
Um’s estimate of 2.1m-unit net gain for 2011 to account for Verizon partnership is just too conservative, which is positive since there is plenty of headroom for him to raise again and again throughout the year.
Apple’s way overdue $300 range is fast becoming a rear view mirror artifact.
Welcome to the $400 range.
I lost a bet that APPL would be 360 by end 2010.
I’d like to be only a couple of months out though. When it was 175, 360 looked ridiculous to the other party!
And 450 looks realistic for spring next year…
Timing the market or any stock is hard and subject to failure.
Long is without deadlines and if you knowbyour company and it’s technology you have all the conviction and promise that you need.
Apple is on the long road to unrivaled growth. You can count on that.
Why would anyone think Apple’s stock can only grow 20% from $345.75 today to $415. Has this idiot looked at the chart or seen that it grows by 25% or more a year to new product/market/service with no history yet?
2 years ago AAPL was at about $82 a share. A year later it was at $210 (up 156%). Now it is at $345.73 (up another 65%). And this bold clueless idiot comes up with just a 20% increase!