“In the three and a half years that I’ve been pitting the analysts who cover Apple (AAPL) for Wall Street against the growing cadre of independent analysts who do it for fun (and, presumably, their own profit), I’ve never seen a gap this big — either in dollar or percentage terms,” Philip Elmer-DeWitt reports for Fortune.
“According to Thomson/First Call, the published consensus of 42 professional analysts as of Friday was that Apple will report earnings of $9.78 on revenues of $35.88 billion for the quarter that ended yesterday, up 53% and 45.5% year over year, respectively,” P.E.D. reports. “The independents, who for a host of reasons tend to be both more bullish and more accurate, beg to differ. Among the 16 I’ve heard from so far, the consensus is that Apple earned $12.66 on sales of $42.68 billion in fiscal Q2, up 98% and 73%, respectively.”
P.E.D. reports, “That’s a gap of $2.88 (30%) in earnings and a whopping $6.8 billion (19%) in revenue.”
Read more in the full article here.
MacDailyNews Note: Apple is due to report the results of the company’s fiscal second quarter 2012 in a few weeks (mid-late April; firm date TBA).
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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