“It’s easy make fun of Apple (AAPL) analysts — and fun, too — but in terms of their ability to accurately forecast the company’s quarterly results, they’ve come a long way,” Philip Elmer-DeWitt reports for Fortune.
“Two years ago, when Apple announced blow-out results that surprised nearly everybody, Wall Street’s analysts missed the company’s revenue and earnings by a combined average of 23%. The amateurs did somewhat better, missing by just under 12%,” P.E.D. reports. “This quarter, the amateurs missed by an average of 2.4% and the pros by only 1% — the best combined performance since we began this quarterly exercise nearly five years ago.”
P.E.D. reports, “Of course, Apple made it a lot easier by giving guidance ranges that accurately reflected their expectations, and then delivering results within those ranges”
See all of the analysts predictions and where they rank in the full article here.
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