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    Wednesday, April 23, 2008

    Breakdown: Apple analysts place bets ahead of earnings

    By AppleInsider Staff

    Published: 11:35 AM EST (08:35 AM PST)


    AppleInsider reader poll:

    Who do you think is the most accurate Apple analyst?
    Gene Munster (Piper Jaffray)
    Shaw Wu (AmTech)
    Rich Gardner (Citigroup)
    Ben Reitzes (Lehman Brothers)
    Mike Abramsky (RBC Capital)
    Katy Huberty (Morgan Stanley)
    Scott Craig (Bank of America)
    Tavis McCourt (Morgan Keegan)
    With Apple set to report earnings from its second fiscal quarter after the close of the stock market today, several prominent Wall Street analysts have locked in their bets on profits, revenues, gross margin, and unit sales. Here's a breakdown to help investors pinpoint the winners (and losers) at the end of the day.

    On average, analysts polled by Thomson Financial expect Apple to earn $1.07 per share on $6.95 billion in revenue for the three month period ending March, compared to management's guidance of $0.94 and $6.8 billion. Meanwhile, consensus estimates for Mac, iPod, and iPhone unit sales are ~2.1 million, ~8.5 to 10 million, and ~1 to 2 million, respectively.

    Below are the latest estimates AppleInsider has on file for some of the leading Wall Street analysts currently providing coverage of Apple.

    Piper Jaffray analyst Gene Munster

    Profit: $1.19 per share
    Revenue: $6.9 billion
    Gross margin: 36 percent
    Macs: 2.1 million
    iPhones: 1.6 million to 2.0 million
    iPods: 10.0 million to 10.5 million
    Current rating: Buy
    Price Target: $250

    AmTech analyst Shaw Wu

    Profit: $1.10 per share
    Revenue: $7 billion
    Gross margin: 33.5 percent
    Macs: 2.15 million
    iPhones: 1.5 million
    iPods: 10.0 million
    Current rating: Neutral
    Price Target: $175

    Citigroup analyst Rich Gardner

    Profit: $1.23 per share
    Revenue: $7 billion
    Gross margin: 36.5 percent
    Macs: 2.1 million
    iPhones: 1.5 million
    iPods: 9.5 million
    Current rating: Buy
    Price Target: $212

    Lehman Brothers analyst Ben Reitzes

    Profit: $1.05 per share
    Revenue: $6.95 billion
    Gross margin: 33.2 percent
    Macs: 2.09 million
    iPhones: 1.5 million
    iPods: 10.3 million
    Current rating: Overweight
    Price Target: $195

    RBC Capital analyst Mike Abramsky

    Profit: $1.11 per share
    Revenue: $7.2 billion
    Gross margin: 34 percent
    Macs: 2.2 million
    iPhones: 1.8 million
    iPods: 10.0 million
    Current rating: Outperform
    Price Target: $190

    Morgan Stanley analyst Katy Huberty

    Profit: $1.10 per share
    Revenue: $6.634 billion
    Gross margin: 35.8 percent
    Macs: 2.02 million
    iPhones: 1.0 million
    iPods: 8.5 million
    Current rating: Overweight
    Price Target: $185

    Bank of America analyst Scott Craig

    Profit: $1.07 per share
    Revenue: $6.9 billion
    Gross margin: ???
    Macs: 2.021 million
    iPhones: 1.22 million
    iPods: 10.0 million
    Current rating: Buy
    Price Target: $160

    Morgan Keegan analyst Tavis McCourt

    Profit: $1.10 per share
    Revenue: $7.143 billion
    Gross margin: 34 percent
    Macs: 2.092 million
    iPhones: 1.4 million
    iPods: 10.549 million
    Current rating: Underperform
    Price Target: ???

    Note to analysts: The above figures represent the latest data AppleInsider had on file as of Tuesday evening. If there have been changes to your model, shoot us an email and we'll be happy to make updates to this report.

    Filed under : Investor 26 Comments ] 
    Story topics: quarterly reports   Print ] [ Story Link ] 


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