“It has become, for the Street, an embarrassing quarterly tradition,” Philip Elmer-DeWitt reports for Fortune.
“The Apple (AAPL) independent analysts — a growing community of bloggers, private investors and assorted amateurs — file estimates that look, by Wall Street’s standards, outrageously optimistic,” P.E.D. reports. “But as the day of reckoning approaches — in this case, Tuesday Oct. 18, when Apple is scheduled to announce its fourth quarter earnings for fiscal 2011 — the estimates filed by the professional analysts inch closer to the bloggers’. Three months ago the Street’s consensus EPS for the quarter was $6.37. Today, according to Thomson Financial, it is $7.20.”
“But that’s still nearly 24% lower than $8.92, the consensus offered the bloggers,” P.E.D. reports. “Which group is right? Judging from the chart above, kindly prepared by reader Adam Bushman from data we’ve been collecting for the past six quarters, you should probably take your professional broker’s advice with a grain of salt. In every one of those quarters, the bloggers have clobbered the pros — often by a considerable margin.”
More, including all of the analysts’ estimates, pro in name and pro in performance alike, in the full article here.
Related article:
Apple to webcast Q411 earnings release conference call on October 18 – September 27, 2011
The majority of the Pros are all heavily entrenched in mindset and as users of Windows/MS monopoly. To them Apple is still a flash in the pan and only good as a toy. A non player in the real world. Because their brain is hardwired to MS mantra of marketshare rules the business world.
No matter how mamy times they are clobbered, they can’t pull that MS b*tt plug out of their quivering arse!
In other news Rain is wet……
They only understand how to screw people out of their money, therefore, wall street will never understand apple.
@ Jubei
Well said…slowly the old dos punks are getting replaced.
🙂
I trust the pros , that’s why I shorted apple stock before iP 4S launch, they all said it was a dud. Although I’ve now lost all my stake I know if i keep following their take on aapl I will win in the end. I have to hope that following the pro analysts will pan out due to my debts and because my wife wants to divorce me (for some reason) and I need cash. Perhaps I will load up on RIM as the QNX phones looks good…
referencing Guy K’s 12 things he learned form Steve: 1. Experts are clueless!
Who really cares if Wall Street does’nt get Apple, their not rebels like Apple is, more their toads stuck in mud.
just like everyone in our american society, greedy capitalism & false freedom in our democracy, capped by politically correct lies & pressure to fit in not be liberal, sets in, as our God (money) is our oracle of truth.
just like our doctors who prescribe us cures through irresponsible pill-popping as they are bribed by pharma, as pharma “objectively” funds the fda for approvals, whilst our government just sits on their fat ass to protect the more profitable corporations vs. the real people who actually pay for all the bailouts etc., our market anal-ysts or stock brokers never have our best intentions in mind.
hence bloggers are right.
market anal-ysts obviously understand little.
esp. when it comes to Apple – then all their ivy-league education is useless.
how much more can a co., as Apple, do,
to convince these financial schmucks,
that it’s worth more than 13x,
esp. when the avg in the industry is 17x+
and some are in 30s/40s
and when Apple is the only one in black,
actually deep black hole!
plus has more patents than anyone,
has bigger chance than anyone to resume its phenomenal path,
has more tricks, technologies up its sleeves,
has more reserves, more cash, less debt than anyone,
has more brain, more creativity on all levels than all,
has the biggest data centers & the only real cloud,
has the most loyal clients,
is the only one that understands modern audience & electronics, and integration, transparency, automation etc.
is the only one with total efficiency in running all facets of a business…
there’s too many reasons why AAPL should be at 17x+
or over $550/share
Over $10 XMAS quarter, is in the bag …… And it was not long ago, we were looking at $6 and that was for the YEAR . . .
I think the stock’s low price is in large part due to SJ’s refusal to schmooz with analysts and “sell” the Apple story, and his disdain for Wall Street. That just makes the stock a bargain for the rest of us.