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.

q4 2011 monday update
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

Foldable iPhone 2023 Feature 1

Apple to Make More Foldable iPhones Than Expected

Tuesday December 9, 2025 9:59 am PST by
Apple has ordered 22 million OLED panels from Samsung Display for the first foldable iPhone, signaling a significantly larger production target than the display industry had previously anticipated, ET News reports. In the now-seemingly deleted report, ET News claimed that Samsung plans to mass-produce 11 million inward-folding OLED displays for Apple next year, as well as 11 million...
iOS 26

15 New Things Your iPhone Can Do in iOS 26.2

Friday December 5, 2025 9:40 am PST by
Apple is about to release iOS 26.2, the second major point update for iPhones since iOS 26 was rolled out in September, and there are at least 15 notable changes and improvements worth checking out. We've rounded them up below. Apple is expected to roll out iOS 26.2 to compatible devices sometime between December 8 and December 16. When the update drops, you can check Apple's servers for the ...
iPhone 14 Pro Dynamic Island

iPhone 18 Pro Leak Adds New Evidence for Under-Display Face ID

Monday December 8, 2025 4:54 am PST by
Apple is actively testing under-screen Face ID for next year's iPhone 18 Pro models using a special "spliced micro-transparent glass" window built into the display, claims a Chinese leaker. According to "Smart Pikachu," a Weibo account that has previously shared accurate supply-chain details on Chinese Android hardware, Apple is testing the special glass as a way to let the TrueDepth...
iOS 26

Apple Seeds Second iOS 26.2 Release Candidate to Developers and Public Beta Testers

Monday December 8, 2025 10:18 am PST by
Apple today seeded the second release candidate version of iOS 26.2 to developers and public beta testers, with the software coming one week after Apple seeded the first RC. The release candidate represents the final version iOS 26.2 that will be provided to the public if no further bugs are found. Registered developers and public beta testers can download the betas from the Settings app on...
Google maps feaure

Google Maps Quietly Added This Long-Overdue Feature for Drivers

Wednesday December 10, 2025 2:52 am PST by
Google Maps on iOS quietly gained a new feature recently that automatically recognizes where you've parked your vehicle and saves the location for you. Announced on LinkedIn by Rio Akasaka, Google Maps' senior product manager, the new feature auto-detects your parked location even if you don't use the parking pin function, saves it for up to 48 hours, and then automatically removes it once...
Johny Srouji

Apple's Chipmaking Chief Johny Srouji Responds to Report About Him Potentially Leaving

Monday December 8, 2025 9:23 am PST by
Apple's chipmaking chief Johny Srouji has reportedly indicated that he plans to continue working for the company for the foreseeable future. "I love my team, and I love my job at Apple, and I don't plan on leaving anytime soon," said Srouji, in a memo obtained by Bloomberg's Mark Gurman. Here is Srouji's full memo, as shared by Bloomberg:I know you've been reading all kind of rumors and...
iPhone 17 Pro Cosmic Orange

10 Reasons to Wait for Next Year's iPhone 18 Pro

Monday December 1, 2025 2:40 am PST by
Apple's iPhone development roadmap runs several years into the future and the company is continually working with suppliers on several successive iPhone models at the same time, which is why we often get rumored features months ahead of launch. The iPhone 18 series is no different, and we already have a good idea of what to expect for the iPhone 18 Pro and iPhone 18 Pro Max. One thing worth...
google pixel 10

Switching Between iPhone and Android Will Get Easier With New Apple and Google Collaboration

Monday December 8, 2025 11:10 am PST by
Apple and Google are teaming up to make it easier for users to switch between iPhone and Android smartphones, according to 9to5Google. There is a new Android Canary build available today that simplifies data transfer between two smartphones, and Apple is going to implement the functionality in an upcoming iOS 26 beta. Apple already has a Move to iOS app for transferring data from an Android...
Apple Fitness Plus expansion hero

Apple Fitness+ Coming to 28 New Regions With Digital Voice Dubbing

Monday December 8, 2025 6:19 am PST by
Apple today announced that Fitness+ is expanding to 28 new markets on December 15 in the service's largest international rollout since launch, accompanied by new language dubbing and a K-Pop music genre. Apple Fitness+ will become available in Chile, Hong Kong, India, the Netherlands, Singapore, Taiwan, and additional regions on December 15, with Japan scheduled to follow early next year....
Johny Srouji

Apple Chip Chief Johny Srouji Could Be Next to Go as Exodus Continues

Sunday December 7, 2025 10:41 am PST by
Apple's senior vice president of hardware technologies Johny Srouji could be the next leading executive to leave the company amid an alarming exodus of leading employees, Bloomberg's Mark Gurman reports. Srouji apparently recently told CEO Tim Cook that he is "seriously considering leaving" in the near future. He intends to join another company if he departs. Srouji leads Apple's chip design ...

Top Rated Comments

*LTD* Avatar
185 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)
samcraig Avatar
185 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)
Thunderhawks Avatar
185 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)
Spoony Avatar
185 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)
Naimfan Avatar
185 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)
Naimfan Avatar
185 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)