“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.
When you figure out how to spell your company’s name correctly, we’ll start listening to you.
I hate Seeking Alpha. Is there a way to read it without having to signin/register.
Give the man a peanut. Why the hell is he bragging about such mundane stuff? They don’t exactly give out prizes for accuracy or punishment for inaccuracy. Besides, being the selfish shareholder I am, I’m only interested in knowing what Apple needs to hit to make the share price rise.
Easy:
Revenue: 232 billion
EPS: 56.43
Gross Margin: 123%
Think that will do it?
Then Wall Street will complain that those type of growth numbers are not sustainable, and tank the stock since the company is DOOOOMED.
Imaging an analyst blowing his own horn? Where are they when they get it so so very wrong?
He was probably the same when he was toilet trained, graduated from high school and got his first car. Now if he could just get laid without paying he could really toot his horn.
“I’ve been super accurate”
“Here are my initial estimates”
Well let’s wait for the final ones, thanks.
Soooooo…. his secret sauce is to believe Apple, and use their upper guidance?
Pure, unadulterated genius.