By Philip Elmer-DeWitt
March 21, 2011

Looking for fiscal Q2 2011 earnings between $5.89 and $6.32 a share

‘s Horace Dediu, whose track record on Apple (AAPL) over the past three quarters is second to none, and Daniel (“Deagol”) Tello, one of the industry’s most closely watched blogger-analysts, have posted their Apple estimates for the topsy-turvy quarter than ends this Saturday, March 26.

Dediu, who likes to make his predictions early, announced on Jan. 22 that he’s looking for fiscal Q2 earnings of $5.89 a share on revenue of $24.5 billion.

Tello, who prefers to wait until the end of the quarter, posted his numbers Monday morning. He’s calling for earnings $6.32 on sales of $25.27 billion.

Both are offering estimates considerably higher than The Street’s consensus ($5.29 on $23.04 billion) and, if history is any guide, considerably more dependable.

Below: Their numbers.

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[Follow Philip Elmer-DeWitt on Twitter @philiped]

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