Hot! Apple Earnings

By Mark Gongloff

America utes Favorite Company, generally known as Apple , as a result of review quarterly cash flow after the ending bell today. Will this kind of be an additional disappointment, like high of the remaining of profits time has already been thus far, or perhaps a face-melting blowout just like Google s?

My (fake) cash is on face-melting blowout Apple has not overlooked revenue anticipation seeing that cost-free quarter of 2002, according to FactSet data. It features beaten EPS anticipations by simply a normal regarding 29% in past times a couple years, reported by FactSet data.

Apple explains to you will be chiseled concerning a strong hours ahead of the report.

Analysts, about average, assume Apple gained $7.22 some sort of promote in the particular quarter, according to be able to FactSet different quotations are generally higher, from $7.28 to be able to $7.30 upon $29.5 thousand in revenue.

While chopping their profits shows for additional companies, analysts have progressively also been raising their own estimates with regard to Apple in recent months. The consensus forecast for the third quarter offers increased from $6.26 some sort of share along at the conclusion connected with June.

Here verts precisely what BMO Capital Markets analysts hope in terms of products changed to the quarter:

For iPhones, many of us venture 20.4 million units while in the September quarter, and most of us think some of our guesstimate will be appropriate, provided right time to with Apple s district stop along with establish regarding new handsets (with similar supply adjustment). We see near-term threat regarding dissatisfaction with iPhone component gross sales vs. trader expectations. Nevertheless, many of us consider demand is quite healthy, along with we all view upside to our December fraction approximate of 25.5 million units, with the very same reason (timing in case iPhone 4S establish and inventory replenishment), in addition to first achievements involving iPhone 4S.

For iPads, most of us undertaking 11.0 zillion units, along with many of us view small benefit probable to the current estimate.

For CPU, we undertaking 4.3 million units, in addition to all of us observe very good upside potential, by using durability in Mac Air.

For iPods, we venture 6.5 trillion units, that we all believe will be reasonable.

Barclays analysts declare these people be expecting Apple to under-promise its direction to the last quarter:

For F1Q12 (ends December), provided our own confidence with the iPhone upgrade cycle, we're at ease using each of our EPS estimate of $9.57 and also our earnings guesstimate of $39.9B. However, most of us wouldn t often be shocked to check out Apple information listed below this kind of prediction assigned it's normal exercise of careful guidance.

Piper Jaffray vertisements Gene Munster possesses a close look on margins, where somewhat regarding difference from expectations could go far away in EPS:

We are modeling 39.0% gross margin (Street during 39.6%, Apple advised for you to 38%) vs. 41.7% with June. Gross perimeter may meet or exceed Street estimates due to superior assure on report iPhone several and also iPad 2 goods volumes. If Apple obtained GM in-line using very last 1 / 4 (41.7%), this signifies EPS connected with $7.68, in front of the Street at $7.26.