CNN Money polled 67 separate analysts, 39 pros and 28 indies, on their thoughts about Apple’s upcoming financial report, due on January 23rd. The consensus among them all is that Apple is most likely going to report the best quarter it has ever had. Ever.
The first quarter of fiscal year 2013 is, in fact one week less than that of Q1 of 2012, so the numbers, when released, will need to reflect that. The independent analysts, however, still believe that Apple will report earnings of $15.11 on sales of $58.84 billion, a year-over-year growth of 37 percent and 17 percent, respectively. The pros are predicting earnings of $13.45 on sales of $54.74 billion, representing growth of 27 percent and four percent, respectively. That’s pretty darn good in anyone’s opinion, and above even Apple’s own guidance.
Across all analysts surveyed, CNN Money says the median estimate is for earnings of $14.20 on sales of $55.96 billion (30 and 10 percent, respectively). This is in sharp contrast to the current decline of 27 percent in the stock price over the last three months. It’s interesting to note that even with this decline, both professional and independent analysts still predict year-over-year growth for the Cupertino-based company.
We’ll of course have to wait until January 23rd for the actual earnings meeting, when Apple releases its actual financial information to its stockholders. We’ll be sure to keep our eye on the results as they become available.
Source: CNN Money
