All eyes on Apple: Q411 earnings report due today; live coverage of Apple’s conference call

Apple today is scheduled to release financial results of its fourth fiscal quarter after market close (right around 4:30pm Eastern – as always, we’ll have the news as soon as it breaks).

Apple plans to conduct a conference call to discuss financial results of its fourth fiscal quarter on Tuesday, October 18, 2011 at 2pm PT / 5pm ET.

As usual, MacDailyNews will cover the call with live notes (check the site’s front page around 4:50pm Eastern for the live notes article).

On July 19, 2011, Peter Oppenheimer, Apple’s CFO, gave Q411 guidance of “revenue of about $25 billion” and “diluted earnings per share of about $5.50.”

Current analysts’ consensus estimates call for $29.45 billion in revenue and $7.28 EPS.

16 Comments

  1. Was talking to my sister & brother-in-law last night. He was telling me how disgusted he was in his bank stock that he bought in 1988, at $5/share. It went to 17/share then a few years ago started sliding. It’s now $3/share. I got out my calculator and told him that if he had put his money into AAPL, he would be worth over 3 million today.

    Coulda, woulda, shoulda.

  2. we got a note from our broker the other day saying that my 401k plan was over-balanced or something with too much apple stock. huh! i thought it didn’t have enough.

    1. Brokerages are all into “rebalancing” portfolios to reach some “target allocation”. It’s all rubbish. It’s just a way to get you to make some unnecessary trades. What’s the point of portfolio theory if you have to rebalance?

      I used to be all about diversification because I wrote my senior thesis on portfolio theory back in 1985. Now, I’m 95% invested in Apple!

  3. Sold a bunch (not all) of my Apple shares last week in the low $400/share. That block averaged a cost of less than $300/share so a nice profit was made.

    I’m pretty bullish long term on Apple, but think it’s price says more about the market and the economy than anything else currently. When the price comes back down to earth I’ll think about accumulating some more.

    Right now I think Apple stock is to the current age what RCA was in the late 1920’s. I really think a lot of fearful money is looking for a home and has parked itself in Apple’s garage. The worldwide economy is FUGLY and shows serious recession signs. If you cannot eat you won’t be buying a $1500 laptop or $800 tablet any time soon.

    1. “I’m pretty bullish long term on Apple, but think it’s price says more about the market and the economy than anything else currently.”

      Yes, but you’re looking at it from the wrong end of the telescope. But for the state of the world economy AAPL would at $800. Let’s just shoot Greece and put it out of its misery so we can move on, finally.

  4. “When the price comes back down to earth I’ll think about accumulating some more.”

    Except that AAPL is still way cheaper now than it should be. Even with this last week’s gains, the P/E is still only 16.5. With tonight’s earnings report that number is sure to be much lower unless the market moves AAPL significantly higher tomorrow.

    (Google’s P/E is 20, and they’re not growing like Apple. Amazon’s P/E is over 100, and that’s just completely ridiculous. Even MS & IBM, which are much slower-growth opportunities, have P/E ratios over 10).

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