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Breakdown: Apple analysts place bets ahead of earnings

With Apple set to report earnings from its second fiscal quarter after the close of the stock market today, several prominent Wall Street analysts have locked in their bets on profits, revenues, gross margin, and unit sales. Here's a breakdown to help investors pinpoint the winners (and losers) at the end of the day.

On average, analysts polled by Thomson Financial expect Apple to earn $1.07 per share on $6.95 billion in revenue for the three month period ending March, compared to management's guidance of $0.94 and $6.8 billion. Meanwhile, consensus estimates for Mac, iPod, and iPhone unit sales are ~2.1 million, ~8.5 to 10 million, and ~1 to 2 million, respectively.

Below are the latest estimates AppleInsider has on file for some of the leading Wall Street analysts currently providing coverage of Apple.

Piper Jaffray analyst Gene Munster

Profit: $1.19 per share

Revenue: $6.9 billion

Gross margin: 36 percent

Macs: 2.1 million

iPhones: 1.6 million to 2.0 million

iPods: 10.0 million to 10.5 million

Current rating: Buy

Price Target: $250

AmTech analyst Shaw Wu

Profit: $1.10 per share

Revenue: $7 billion

Gross margin: 33.5 percent

Macs: 2.15 million

iPhones: 1.5 million

iPods: 10.0 million

Current rating: Neutral

Price Target: $175

Citigroup analyst Rich Gardner

Profit: $1.23 per share

Revenue: $7 billion

Gross margin: 36.5 percent

Macs: 2.1 million

iPhones: 1.5 million

iPods: 9.5 million

Current rating: Buy

Price Target: $212

Lehman Brothers analyst Ben Reitzes

Profit: $1.05 per share

Revenue: $6.95 billion

Gross margin: 33.2 percent

Macs: 2.09 million

iPhones: 1.5 million

iPods: 10.3 million

Current rating: Overweight

Price Target: $195

RBC Capital analyst Mike Abramsky

Profit: $1.11 per share

Revenue: $7.2 billion

Gross margin: 34 percent

Macs: 2.2 million

iPhones: 1.8 million

iPods: 10.0 million

Current rating: Outperform

Price Target: $190

Morgan Stanley analyst Katy Huberty

Profit: $1.10 per share

Revenue: $6.634 billion

Gross margin: 35.8 percent

Macs: 2.02 million

iPhones: 1.0 million

iPods: 8.5 million

Current rating: Overweight

Price Target: $185

Bank of America analyst Scott Craig

Profit: $1.07 per share

Revenue: $6.9 billion

Gross margin: ???

Macs: 2.021 million

iPhones: 1.22 million

iPods: 10.0 million

Current rating: Buy

Price Target: $160

Morgan Keegan analyst Tavis McCourt

Profit: $1.10 per share

Revenue: $7.143 billion

Gross margin: 34 percent

Macs: 2.092 million

iPhones: 1.4 million

iPods: 10.549 million

Current rating: Underperform

Price Target: ???

Note to analysts: The above figures represent the latest data AppleInsider had on file as of Tuesday evening. If there have been changes to your model, shoot us an email and we'll be happy to make updates to this report.



26 Comments

vinitaboy 17 Years · 156 comments

Many, many thanks, AppleInsider Staff! I've been trying to compile the above list on my own for the past couple of months (and not doing a very good job of it). Kudos!

lafe 17 Years · 252 comments

Thank you AI for compiling this list! Now we'll see which analyst has the real mojo! (If any.)

Can't wait!

david stevenson 17 Years · 75 comments

Thanks. It's going to be an interesting "call" today at 2 PDT. Was there any rationale in the order of listing? (To me, they are in roughly the order of my opinion of the analysts expertise wrt Apple and AAPL.)

solipsism 18 Years · 25701 comments

Wu is predicting $175 in 12 months. Gee, I hope Apple can achieve that whole $11 per share.