• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says

2

American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out

3

The Treasury's recent moves in the bond and currency markets add up to 'soft-form financial repression' to lower debt costs, economist warns

1

Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says

2

American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out

3

The Treasury's recent moves in the bond and currency markets add up to 'soft-form financial repression' to lower debt costs, economist warns
Apple

Spreadsheet of the day: Final estimates for Apple’s fiscal Q3

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
Down Arrow Button Icon
By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
Down Arrow Button Icon
July 22, 2014, 7:23 AM ET
Add Fortune on Google for similar content.

With the world’s most valuable company — and the hedge funds’ favorite — set to report earnings after the markets close today, the eyes of Wall Street are once again on Apple.

The stock has been on a tear lately, up 26% since April 24 when the company reported stronger than expected iPhone sales, an aggressive buyback schedule and a 7-for-1 stock split.

It’s possible that bad news this afternoon could bring the momentum to a halt, but that seems increasingly unlikely.

With China Mobile (CHL) rolling out its high-speed network faster than expected, the new partnership with IBM (IBM) fresh on investors’ minds, and Apple dropping hints about how strong its fall lineup of products is going to be, it’s not going to be easy to harsh the stock’s vibe.

The 34 analysts polled by Fortune — 21 professionals and 13 amateurs — expect Apple to easily trump last year’s dismal June quarter. They’re calling, on average, for iPhone unit sales up 14.5%, revenues up 8.5% and earnings up 18.1% year over year.

The amateurs as usual are more bullish than the pros. They’re looking for a 23% EPS bump compared with the pros’ 15%. But even the pros concede that their estimates may be too conservative.

We’ll find out who was closest to the mark when the company reports its earnings today, roughly half an hour after the markets close. A conference call with analysts is scheduled to begin at 5 p.m. ET (2 p.m. PT).

We’ll be tuning in, and you can too. Link: Apple Financial Results Conference Call Q3 – 2014.

Below: The individual analyst’s estimates, with the pros in blue, the indies in green and Apple’s high and low guidance numbers in red. I’ll run my quarterly Earnings Smackdown after Tuesday’s earnings call and hope to post Q3’s ranking of best and worst analysts Wednesday morning.

Screen Shot 2014-07-21 at 9.21.23 PM

Thanks one last time to Posts at Eventide‘s Robert Paul Leitao for pulling together the Braeburn Group numbers.

Follow Philip Elmer-DeWitt on Twitter at @philiped. Read his Apple (AAPL) coverage at fortune.com/ped or subscribe via his RSS feed.

 

About the Author
By Philip Elmer-DeWitt
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.