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Tech ·Apple


SPREADSHEET OF THE DAY: FINAL ESTIMATES FOR APPLE’S FISCAL Q2

BYPhilip Elmer-DeWitt
April 27, 2015 at 7:17 PM GMT+8



With the world’s most valuable company — and the funds’ favorite investment
vehicle — 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 nearly 20% this year and more than 133%
since April 2013, when slowing iPhone sales growth and fear of what Wall Street
was calling the “law of large numbers” brought the stock down to a
split-adjusted $55.79. The stock closed Friday at $130.28.

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

With iPhones selling faster than expected, Apple Watches selling faster than
Apple can make them, and rumors swirling about everything from new music and TV
services to futuristic Apple cars, it’s not going to be easy to harsh this
stock’s vibe.

Every one of the 38 Apple analysts polled by Fortune — 24 professionals and 14
amateurs — expects the company to report double digit growth over last year’s
stronger-than-expected second quarter. They’re calling, on average, for revenues
up 24.5%, earnings up 33.4% and iPhone unit sales up 32.6% year over year.



The amateurs as usual are more bullish than the pros. They’re looking for a 38%
EPS bump compared with the pros’ 29%. But even the pros concede that their
estimates may be too conservative.

We’ll find out who was closest to the mark about half an hour after the markets
close. I’ll be watching the results come in and eavesdropping on the 5 p.m. ET
(2 p.m. PT) analysts call. You can too. Here’s the link:
www.apple.com/quicktime/qtv/earningsq215



Below: The individual analyst’s estimates, with pros in blue and indies in
green. Stay tuned Tuesday morning for the quarterly ranking of best and worst
analysts.



Click to enlarge.

Thanks once again 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.

Subscribe to Data Sheet, our daily newsletter about the business of tech. Sign
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