“I projected Apple’s (AAPL) September quarter’s EPS would be $8.26 on revenue of $38.1 billion, up 5.9% year over year.,” Chuck Jones writes for Seeking Alpha. “The company’s actual EPS was $8.26 with revenue of $37.5 billion, up 4.2%. This was after I projected Apple’s June quarter’s EPS would be $7.47 on revenue of $36 billion, up an estimated 2.8%. The company’s actual EPS was $7.47 with revenue of $35.3 billion, up 0.9%.”
“For the past seven quarters I have been submitting my estimates to Fortune magazine to be tracked against Street and independent analysts. I have hit Apple’s EPS the past two quarters, been the leading independent analyst in three of 14 categories and in the top 6 10 of 14 times,” Jones writes. “I have also been in the top 10 six times out of 14 categories when measured against all analysts.”
“For the December quarter my initial estimates are $57.5 billion for revenue, 37.3% for gross margin and $14.05 for EPS,” Jones writes. “This compares to guidance of $55 to $58 billion in revenue, 36.5% to 37.5% for gross margin and based on the various components of the company’s guidance the ‘guided’ EPS range is $12.98 to $14.27 with a mid-point of $13.62.”
Read more in the full article here.
MacDailyNews Take: If Chuck nails Apple’s EPS dead on three quarters in a row, we’re going to ask him for the keys to his time machine.