Roundup of Analyst Expectations Ahead of Q4 2012 Earnings Call

Philip Elmer-Dewitt has put together his list of analyst predictions ahead of Apple's quarterly earnings report this afternoon. The list includes estimates from 36 analysts: 16 "independent" and 20 "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 $9.66 on revenue of $37.23 billion. The institutional consensus is EPS of $8.75 on $35.51 billion in revenue. This is a 5% difference on revenue and a 10% difference on EPS, a smaller gap than we've seen in recent quarters.

Last quarter the company earned $8.8 billion in profit on revenue of $35 billion. For this quarter, Apple issued guidance of $34 billion in revenue with profits of $7.65 per share. The company typically exceeds its guidance by a significant margin.

Apple will announce its earnings for the fourth fiscal quarter of 2012 (third 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.

Though the September quarter is the final quarter of Apple's fiscal year, AllThingsD quotes JP Morgan analyst Mark Moskowitz:

"Our view is that September quarter numbers do not matter," J.P. Morgan analyst Mark Moskowitz said in a Wednesday research note to clients. "Apple can miss or beat. It does not matter. … In our view, the two important iPhone and iPad launches set the stage for big numbers to be reported in late January 2013 as relates to December quarter results."

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Top Rated Comments

bushido Avatar
171 months ago
i dont care if they made a few billions more, just give me iTunes 11!
Score: 8 Votes (Like | Disagree)
voyagerd Avatar
171 months ago
Say, why is iTunes 11 a big deal to you?

Because it goes to 11!
Score: 5 Votes (Like | Disagree)
ghsDUDE Avatar
171 months ago
Sold my shares...I'm going to re-buy after the selloff after this below average earnings that's going to affect the market.
Score: 3 Votes (Like | Disagree)
gmanist1000 Avatar
171 months ago
i dont care if they made a few billions more, just give me iTunes 11!

Didn't they say iTunes 11 was coming in October? Well October is almost over...
Score: 3 Votes (Like | Disagree)
MasterHowl Avatar
171 months ago
Say, why is iTunes 11 a big deal to you?

Because some of us are excited to see it (including myself), and we expected it to be out just after the iPad Mini event
Score: 3 Votes (Like | Disagree)
iMikeT Avatar
171 months ago
What's the exchange rate?
As of the market close, $84.41USD:$1.00 Monopoly Buck
Score: 2 Votes (Like | Disagree)