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Analyst consensus hints at $58.1B in revenue for Apple's Q1 2014

updated 11:01 am EST, Mon January 27, 2014

Results to be announced later today

Analyst consensus appears to point to $58.1 billion in revenue and $14.36 in earnings per share for Apple's Q1 2014 results, Fortune writes. The figures are based on 29 professional analysts and 18 amateurs. Year-over-year, they would represent a 6.6 growth for revenue, and a four percent growth for earnings.

Fortune observes that they would also mark something of a turnaround for Apple, which has seen earnings shrink for three quarters in a row. For nine quarters between 2010 and 2012, by contrast, Apple was growing earnings by 50 percent or more, riding high on the iPhone and iPad.

In general, independent analysts are more bullish than the professionals this quarter. The highest independent forecast comes from Nicolae Mihalache, who anticipates $60.93 billion in revenue and $16 in EPS. The most optimistic professional numbers -- $59.88 billion and $15 EPS -- come from Credit Suisse's Kulbinder Garcha. The lowest prediction among both groups comes from Societe Generale's Andy Perkins, who expects $55.4 billion and $14.10.

Apple is due to announce its Q1 data later this evening, after the conclusion of trading on the NASDAQ exchange.




by MacNN Staff

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  1. pairof9s

    Mac Enthusiast

    Joined: 01-03-08

    Funny how they keep pushing these numbers up to unrealistic levels, which in turn causes a massive sell off and dramatic 5-8% drop off in Apple's stock price, once the true figures show a lower number.

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