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
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.