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Roundup of Analyst Expectations Ahead of Q2 2012 Earnings Call

Philip Elmer-Dewitt has put together his list of analyst expectations ahead of Apple's quarterly earnings report this afternoon. The list includes estimates from 23 "independent" analysts and 34 "affiliated" analysts who work for large investment houses or research organizations.

As usual, the independent analysts are much more bullish than the affiliated analysts. The independent consensus expects earnings per share (EPS) of $12.74 on revenue of $42.73 billion. The institutional consensus is EPS of $10.18 on $37.06 billion in revenue. The six analysts with the best track record expect $12.49 EPS on $41.47 billion in sales.


Click through to Elmer-DeWitt's post at Fortune to see the full-size chart.

Apple will announce its earnings for the second fiscal quarter of 2012 (first calendar quarter) and host a conference call regarding the release this afternoon at 5:00 PM Eastern / 2:00 PM Pacific. The earnings release itself typically comes in around 4:30 PM Eastern.

Last quarter the company announced record-shattering results in a number of areas, including $13.06 billion in profit on revenue of $46.33 billion. For the second fiscal quarter, Apple has issued guidance of $32.5 billion in revenue with profits of $8.50 per share. The company typically exceeds its guidance by a significant margin.

Top Rated Comments

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35 months ago
There is simply no way Apple can match, in the quarter immediately following the Christmas quarter, the MONSTER holiday quarter they had.

Apple is great at pulling off miracle quarters that just leave everyone in absolute awe, but to expect them to do it *every* time is rather unrealistic, and to expect them to equal and even *surpass* last quarter is just plain silly. But that's apparently what everyone expects.

All anyone can be really expected to do is beat their own guidance, but Apple has not only set a massive standard for themselves, but they've raised the price of poker for everyone else. There's also the perennial expectation that Apple will lift everyone's boat.

They'll do it and keep doing it for the foreseeable future, but let's keep post-Christmas quarter expectations (this time around) within the realm of sanity. They'll easily be up YoY, though. But it's likely that will no longer be good enough for anyone. We've all been spoiled.
Rating: 6 Votes
35 months ago

the best thing would be to have bought a few shares back in the 70s and sell them now.


'97 would have done me!
Rating: 4 Votes
35 months ago

the best thing would be to have bought a few shares back in the 70s and sell them now.


Is that so? :cool:

Hopefully Apple can share some big numbers for the quarter and help the stock rally after hours today and into tomorrow.
Rating: 4 Votes
35 months ago
Hope they talk about the stock dropping off recently. Crossing fingers for MBP update, but highly doubt it.
Rating: 3 Votes
35 months ago
Ok I guess 41.59 - What do I win? One of these Pointless Suit's jobs and fat salary?
Rating: 3 Votes
35 months ago

let's see, analyst expectation from me:
- down from holiday quarter
- up year over year


Get this man a medal :D
Rating: 3 Votes
35 months ago
Am I reading the chart right? There are "analysts" out there expecting 40+ million iPhones to be sold? When the last quarter, a launch+holiday quarter, didn't even get to 40 mil??
No wonder the stock has been going down the last 1-2 weeks.
Rating: 2 Votes
35 months ago

Awwh, I knew I went wrong somewhere -- 'somewhere' being 'in my entire memory'. :(

Never mind. That still means they might announce new products tomorrow, right? /patheticallyhopeful

Sure, anything is possible, although it seems extremely doubtful given the lack of rumors that are typical when a new release is imminent.

If Apple were about to release something within days, we would have seen leaked photos of various parts, channel partner out-of-stocks, shipping times jumping on the Apple Store, new product SKUs in channel partner inventory systems, vacation blackout dates/all-hands staff meetings at Apple Retail Stores, mysterious deliveries of marketing materials/POS/signage, new product identification strings in developer releases of OS X/iOS, stuff like that.

If anything would be announced, it would be a minor upgrade, a speed bump since Apple did not send the media any invitations to a live event (they typically do so about a week before the event to give time for writers to book travel).
Rating: 2 Votes
35 months ago
Revenue $39.2 billion
EPS $12.30

35.1 million iPhones sold
11.8 million iPads
4 million Macs
Rating: 2 Votes
35 months ago

Awwh, I knew I went wrong somewhere -- 'somewhere' being 'in my entire memory'. :(

Never mind. That still means they might announce new products tomorrow, right? /patheticallyhopeful



can't help it either keysofanwiety, you gave me hope. I'll be eagerly awaiting tomorrow evening (europe's time), hoping to see new products launched. Talking about pathetic :-)
Rating: 2 Votes

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