Roundup of Analyst Expectations Ahead of Q3 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 68 analysts: 34 "independent" and 34 "institutional" who work for large investment houses or research organizations.

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As usual, the independents are much more bullish than the institutional analysts. The independent consensus expects earnings per share (EPS) of $12.31 on revenue of $41.49 billion. The institutional consensus is EPS of $10.33 on $37.21 billion in revenue. This is a 12% difference on revenue and a 19% difference on EPS.

Apple will announce its earnings for the third fiscal quarter of 2012 (second calendar quarter of 2012) 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. MacRumors will have live coverage of the proceedings.

Last quarter the company earned $11.6 billion in profit on revenue of $39.2 billion. For the second fiscal quarter, Apple has issued guidance of $34 billion in revenue with profits of $8.68 per share. The company typically exceeds its guidance by a significant margin.

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Top Rated Comments

hobo.hopkins Avatar
174 months ago
I find it pretty hard to believe that the 13" MBP is the top volume model. You almost never see them, where as a lot of people have the 15". The 13" Air, on the other hand, is extremely popular.
My experience has been the exact opposite. I see almost exclusively 13" MacBook Pros at University settings.
Score: 4 Votes (Like | Disagree)
cvaldes Avatar
174 months ago
LOL, ace (*cough cough*) ANAL-yst Huberty is lowballing this one, coming in at the bottom.
How does she still have a job?
Because technology media sites (MacRumors, AppleInsider, etc.) will post her lunatic babblings to generate pageviews.
Score: 3 Votes (Like | Disagree)
cvaldes Avatar
174 months ago
I'm sticking to my guns (https://forums.macrumors.com/showthread.php?p=14770679&posted=1#post14770679).

$12.35 EPS on $40.1B revenue

LOL, ace (*cough cough*) ANAL-yst Huberty is lowballing this one, coming in at the bottom.

:p
Score: 3 Votes (Like | Disagree)
BrownManUPS Avatar
174 months ago
Hope to hear about the ML release tomorrow.
Score: 3 Votes (Like | Disagree)
Reason077 Avatar
174 months ago
Looks likely to be another blowout quarter from Apple.

The Mac numbers will be interesting, however. Will the Retina MacBook be enough to reverse the poor sales growth seen recently?
Score: 3 Votes (Like | Disagree)
cvaldes Avatar
174 months ago
But her company loses credibility. I'd never invest with Morgan Stanley or even recommend them because they refuse to fire someone like her. Oh well.
Morgan Stanley probably has hundreds of analysts covering all sorts of industries. The track record of one specific individual is irrelevant (except to anyone listening to that person).

Huberty is very consistent in her ineptitude, so one can use her predictions, not as what Apple will do, but as what Apple will not do.

She definitely is not a star-rated analyst, although that never stops MacRumors/AppleInsider/other sites from quoting her. Like I said, her nonsensical reports generate pageviews.

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Roundup of Customer Expectations After Q3 2012 Earnings Call
New Mini
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New TB Display
Apple generally announces new hardware products on Tuesdays, so it is unlikely that Apple will release these the day after an analyst conference call.

More likely would be the availability of OS X 10.8 Mountain Lion. Apple has already covered the features several times, including WWDC, so the arrival is a foregone conclusion. Apple released 10.7 Lion the day after their Q2FY2011 call, so it's a far more likely scenario.
Score: 2 Votes (Like | Disagree)