Hudson Square ups Apple estimates ahead of Apple’s January 24th earnings call

Hudson Square Research analyst Daniel Ernst has raised his Apple Inc. (AAPL) earnings estimate to $9.51 from $9.35 on sales of $37.3 billion (up from $36.8 billion).

“That still puts him near the bottom among the Wall Street analysts we’ve heard from,” Philip Elmer-DeWitt reports for Fortune. “Never one of Apple’s strongest supporters, Ernst warns that rising Street estimates, particularly for the iPhone, set what he calls a high bar for the quarterly report due out Jan. 24.”

Read more in the full article here.

Related articles:
Needham ups Apple estimates on ‘iPhone blow out’ – January 9, 2012
Goldman Sachs hikes Apple estimates, expects monster quarter – January 9, 2012
Apple to webcast Q112 earnings release conference call on January 24 – January 4, 2012


  1. Sounds like a case of “me too”lysis, rather than analysis.

    His shifted estimate is still w/in the error margin of BUN, so it’s really not much of a correction.

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