Apple is set to report Q214 earnings results on Wednesday, April 23rd.
“The average revenue estimate of the 37 analysts we’ve heard from so far — 14 amateurs and 23 pros — is 43.5 billion, just above the midpoint of [Apple CFO] Oppenheimer’s [Q214 guidance] range [of revenues between $42 and $44 billion],” Philip Elmer-DeWitt reports for Fortune.
“The amateurs, as usual, are a bit more bullish. They’re calling for earnings of $10.53 per share on sales of $43.66 billion. The pros are not far behind: earnings of $10.18 on sales of $43.42 billion,” P.E.D. reports. “In a note to clients Monday, Piper Jaffray’s Gene Munster predicted that Apple’s guidance would once again disappoint. He’s expecting revenue guidance of $35.5-$37.5 billion, a bit lower than the Street’s $38.3 billion, and gross margin guidance of 36.5-37.5%, with a bit more upside than the Street’s 36.5%.”
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Apple to webcast Q214 earnings release conference call on April 23rd – April 21, 2014