CNN Money: Most Analysts Are Bullish on AAPL Despite Drop in Stock Value
After polling 67 separate analysts, 39 professional and 28 independent, CNN Money
released their thoughts about Apple’s upcoming financial report, which is due on January 23rd. The consensus among the analysts is that Apple is likely going to report the best quarter it has ever had.
The first quarter of the fiscal year 2013 is in fact one week less than that of Q1 of 2012, so the numbers when released will need to reflect the difference. Out of the analysts polled, the independent analysts however still believe that Apple will report earnings of $15.11 on sales of $58.84 billion, a year-over-year growth of 37% and 17% respectively. The professional analysts are predicting earnings of $13.45 on sales of $54.74 billion, representing a growth of 27% and 4% respectively. Either way you look at it, Apple seems to be looking at growth.
says the median estimate for earnings of $14.20 on sales of $55.96 billion (30% and 10% respectively) across all of the analysts surveyed. The predictions are very different from the current situation that Apple has been in, which is a decline of 27% in the stock price over the last three months. It’s still interesting to note that even with the decline, both professional and independent analysts still predict year-over-year growth for the Cupertino-based company. Regardless though, we’ll have to wait until January 23rd for the actual financial information to be released to its stockholders.
Source: CNN Money
via Cult of Mac