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.
Popular Stories
The iPhone 15 Pro Max will have the thinnest bezels of any smartphone, beating the record currently held by the Xiaomi 13. That's according to the leaker known as "Ice Universe," who has divulged accurate information about Apple's plans in the past.
Both iPhone 15 Pro models are expected to have thinner, curved bezels compared to the iPhone 14 Pro, potentially resulting in an Apple...
While year-over-year iPhone upgrades are not always groundbreaking, new features can begin to stack up over multiple generations. For example, the iPhone 15 Pro will be a notable upgrade for those who still have a three-year-old iPhone 12 Pro.
If you are still using an iPhone 12 Pro and are considering upgrading to the iPhone 15 Pro when it launches later this year, we have put together a...
While the iPhone 15 lineup is around six months away, there have already been plenty of rumors about the devices. Many new features and changes are expected for the iPhone 15 Pro models in particular, including a titanium frame and more.
Below, we have recapped 11 features rumored for iPhone 15 Pro models that are not expected to be available on the standard iPhone 15 and iPhone 15 Plus:A17...
Apple's high-end iPhone models have started at $999 in the U.S. since they first launched back in 2017 with the iPhone X, but could this finally be the year that starting price sees an increase?
This week also saw some more rumors about Apple's upcoming headset and the company's explorations in the booming AI industry as well as the release of a new round of beta updates, so read on for all...
Apple's next-generation iPhone 15 Pro and iPhone 15 Pro Max will likely be more expensive than previous Pro models, according to Jeff Pu, a tech analyst at Hong Kong-based investment firm Haitong International Securities.
In a research note this week, Pu predicted the iPhone 15 Pro models will see a price increase due to several rumored hardware upgrades, including a titanium frame,...
A first-generation iPhone still sealed inside its box sold for $54,904 at auction, which is more than $54,000 over the original $599 price tag of the device when it was released in 2007.
The original iPhone was put up for sale by RR Auction on behalf of a former Apple employee who purchased it back when it first came out. Back in February, an original, sealed iPhone sold for over $63,000,...
Top Rated Comments
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.
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?
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:-)
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.
----------
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.
It's an old stock market truism: Buy on rumor, sell on news.
First, the results will be overshadowed by Steve's passing.
Second, the results will still be terrific by any objective measure.