Roundup of Analyst Expectations Ahead of Apple Q411 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 16 "independent" analysts and 42 "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 $9.07 on revenue of $33.47 billion. The institutional consensus is EPS of $7.31 on $29.45 billion in revenue.


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

Apple will announce its earnings for the fourth fiscal quarter of 2011 (third 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-breaking results in a number of areas, including $7.31 billion in profit on revenue of $28.57 billion. For the fourth fiscal quarter, Apple has issued guidance of $25 billion in revenue with profits of $5.50 per share.

Top Rated Comments

(View all)
Avatar
115 months ago

The stock and Apple as a company is slowing down Androids marketshare is beginning to crush them. Also it will be overshadowed by the Android event today


We keep hearing this from the Android fans who inexplicably camp Apple-centric sites, yet the opposite keeps happening.

I'm afraid that no competitor's event can overshadow the iPhone-mania that is happening now - worldwide - in response to the 4S.
Score: 6 Votes (Like | Disagree)
Avatar
115 months ago

What did you expect?

One company creates real value and pushes the market forward. The other one creates vapourware videos and milks the same ish they've been milking for the past 20 years, hoping the trend will somehow continue forever.

There's a reason Apple has MS firmly in their rearview and is seeing them get smaller with every quarter.


I love when you make up crap like this. Yes - clearly Microsoft hasn't done a thing in 20 years.

If you want people to discuss things with you using facts - why don't you practice what you preach?
Score: 3 Votes (Like | Disagree)
Avatar
115 months ago

The stock and Apple as a company is slowing down Androids marketshare is beginning to crush them. Also it will be overshadowed by the Android event today


And you are on a Mac Site because?

Had to google that event since it is so well reported everywhere.
Just like Apple news.

Go figure:-)
Score: 2 Votes (Like | Disagree)
Avatar
115 months ago
First off I advise everyone to listen in on the earnings call. It's actually really informative and you learn a lot. Tim cook talks a lot and Peter Oppenheimer talks a lot. After that the analysts get to ask 20 mins of questions. Go to apple.com and there is a link in "investor relations" it's quicktime. It's like a 45 min thing. I think it starts like 4:30 or so.

Stock drops after earings if
1. some metric falls short of expections
2. forward guidance is not bullish.

For example This quarter last year Apples Gross margin decreased a lot more than analysis thought. Even though apple crushed all other metrics the stock dropped considerably b/c they got worried apple was making less per device.

Over the past year the gross margin has actually been increasing so that concern was all for nothing.

I expect a pop after hours once they announce earnings. going to have incredible forward guidance with the new iphone 4S. Costs are down meaning margins are up b/c components are cheaper and it's the same design.

The past two quarters the stock went up after the earnings were released.

Disclosure: I'm long apple common shares.

----------

What did you expect?

One company creates real value and pushes the market forward. The other one creates vapourware videos and milks the same ish they've been milking for the past 20 years, hoping the trend will somehow continue forever.

There's a reason Apple has MS firmly in their rearview and is seeing them get smaller with every quarter.


Also Microsoft at it's height was valued at over $600B. So Apple at $400B although it sounds like a lot is still $200B off Microsoft. Apple has a lot of room to grow. They will eventually pass that $600B mark. Stock is cheap relative to growth and earnings.
Score: 2 Votes (Like | Disagree)
Avatar
115 months ago

I don't understand.

Why does the stock drop after apple announces financial results?


It's an old stock market truism: Buy on rumor, sell on news.
Score: 2 Votes (Like | Disagree)
Avatar
115 months ago
I can't help but think two things:

First, the results will be overshadowed by Steve's passing.

Second, the results will still be terrific by any objective measure.
Score: 2 Votes (Like | Disagree)

Top Stories

Apple Announces New 27-Inch iMac With 10th-Gen Processors, Up to 128GB RAM, 1080p Webcam, True Tone, and More

Tuesday August 4, 2020 8:07 am PDT by
Apple today announced a new 27-inch iMac with faster 10th-generation Intel Core processor options, next-generation AMD graphics, up to 128GB of RAM, a higher-resolution 1080p front-facing FaceTime camera, a True Tone display with a nano-texture glass option, a T2 chip, higher fidelity speakers, studio-quality microphones, and more. A breakdown of the new 27-inch iMac's features and specs:10th...

8 Third-Party Home Screen Widgets That You Can Try Out Now on iOS 14

Wednesday August 5, 2020 12:56 pm PDT by
One of the biggest new features of iOS 14 is Home Screen widgets, which provide information from apps at a glance. The widgets can be pinned to the Home Screen in various spots and sizes, allowing for many different layouts. When the iOS 14 beta was first released in June, widgets were limited to Apple's own apps like Calendar and Weather, but several third-party developers have begun to test ...

Everything New in iOS 14 Beta 4: Apple TV Widget, Search Improvements, Exposure Notification API and More

Tuesday August 4, 2020 11:14 am PDT by
Apple today released the fourth developer betas of iOS and iPadOS 14 for testing purposes, tweaking and refining some of the features and design changes included in the update. Changes get smaller and less notable as the beta testing period goes on, but there are still some noteworthy new features in the fourth beta, which we've highlighted below. - Apple TV widget - There's a new Apple TV...

Apple May Launch This Year's 'iPhone 12' Lineup in Two Stages, With 6.1-inch Models Debuting First

Monday August 3, 2020 3:14 am PDT by
Apple last week confirmed that its "‌iPhone‌ 12" launch will be delayed this year due to the ongoing global health crisis and restrictions on travel. Apple last year started selling iPhones in late September, but this year, Apple projects supply will be "available a few weeks later," suggesting a release sometime in October. We're expecting a total of four OLED iPhones in 5.4, 6.1, and...

Apple Explains Why You Might See 'Not Charging' When a Mac is Plugged In

Monday August 3, 2020 1:42 pm PDT by
If you have a Mac and have seen a "Not Charging" warning when plugging it in to power, Apple last week released a support document that explains why. Macs running macOS 10.15.5 or later have a Battery Health Management feature to preserve the life of the battery, and occasionally, the Battery Health Management option will cause the Mac to pause its charging for calibration purposes.Depending ...

Supposed iPhone 12 Display Unit Leaks

Thursday August 6, 2020 8:13 am PDT by
An image supposedly of an iPhone 12 display unit has been shared online by leaker "Twitter user Mr. White". Compared to images of an iPhone 11 Pro display piece, this new unit has a reoriented display connector, reaching up from the bottom of the display, rather than from the left-hand side on iPhone 11 Pro. This may be due to the logic board moving to the other side of the device. A...

Google's $349 Pixel 4a vs. Apple's $399 iPhone SE

Wednesday August 5, 2020 1:45 pm PDT by
Google this week launched its newest smartphone, the $349 Pixel 4a, a low-cost device that's designed to compete with other affordable devices like Apple's iPhone SE. We picked up one of the new Pixel 4a smartphones and thought we'd check it out to see how it measures up to the iPhone SE, given that the two devices have such similar price points. Subscribe to the MacRumors YouTube channel ...

Apple-Acquired Dark Sky Officially Shuts Down Android App

Saturday August 1, 2020 3:43 pm PDT by
Apple in March purchased weather app Dark Sky, and at that time, Dark Sky's developers said that the app's Android version would be discontinued on July 1, 2020. However, instead of shuttering the app on that date, the app's developers announced that the discontinuation would be delayed for another month. Now that it's August, Android users are no longer able to access the app, and...

Samsung Launches Galaxy Note 20, Galaxy Z Fold 2, and Galaxy Buds to Compete With Apple's iPhones and AirPods Pro

Wednesday August 5, 2020 10:07 am PDT by
Samsung today held a virtual Galaxy Unpacked event where it unveiled its next-generation smartphones that will compete with Apple's 2020 iPhone lineup, set to come out in the fall. Samsung announced the launch of the Galaxy Note 20 and the Galaxy Note 20 Ultra, the two newest devices in the Note lineup, and, more notably, the Galaxy Z Fold 2, Samsung's latest foldable smartphone. The...

Alleged 'iPhone 12' Images Depict Circular Array of Magnets in Chassis

Wednesday August 5, 2020 4:39 am PDT by
New images shared on Weibo appear to show a circular array of magnets housed inside an "iPhone 12" chassis. The unverified images depict 36 individual magnets in a circular arrangement, suggesting they could be related to mounting or charging. EverythingApplePro, who shared the Weibo-originating images on Twitter, also posted an image of an alleged iPhone 12 case with a similar array of...