What analysts are expecting from Apple's earnings report today
Apple later this evening will be releasing its earnings from its most recent quarter and all eyes will be focused on two metrics; how many iPhones Apple sold during the quarter and what Apple's earnings check in at.
Notably, Apple in late September made a regulatory filing with the SEC indicating that its gross revenue for the October quarter will come in on the high end of its US$34-$37 billion guidance.
Ahead of Apple's earnings announcement, CNN Money has compiled a listing from 48 analysts detailing how they think Apple performed during the quarter gone by. The consensus on Wall Street is that Apple will deliver EPS of $7.96 on the back of $36.95 billion in revenue. The most bullish Apple analyst anticipates EPS of $8.37 and revenue of $39.18 billion. The most bearish Apple analyst anticipates EPS of $7.23 and revenue of $34.57 billion.
In terms of product sales, the consensus is that Apple will post 32.67 million in iPhone sales, 4.35 million in Mac sales and 14.51 million in iPad sales.
By way of comparison, Apple during the same quarter a year ago posted revenue of $36 billion and EPS of $8.67. Product-wise, Apple during last year's October quarter recorded 26.9 million in iPhone sales, 14 million iPad sales and 4.9 million Mac sales.
With earnings set to be posted in just a few hours, remember that Apple will be holding its traditional earnings conference call at 5 PM Eastern Time. TUAW will be holding a liveblog of the event so make sure to come back later on to keep up with the latest news emanating from what are typically highly informative conference calls.
Apple later this evening will be releasing its earnings from its most recent quarter and all eyes will be focused on two metrics; how many...
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