Apple Inc. (NYSE: AAPL) is scheduled to present fiscal first-quarter 2009 results today in a conference call at 5:00 PM Eastern. To listen in to the webcast, see Apple Financial Results on Apple's website. Or follow live coverage on The Unofficial Apple Weblog.
Analysts surveyed by Thomson Reuters expect Apple to report a fourth-quarter profit of $1.39 per share, 21.0% lower than in the year-ago period. Revenues for the quarter are expected to be marginally higher than a year ago to $9.7 billion. Apple earnings have topped estimates in the past five quarters, by as much as 15 cents per share.
For the full year, analysts are so far expecting lower earnings and higher sales as well. The long-term EPS growth forecast is 18.9%, and the consensus recommendation of analysts remains to buy Apple. The share price fell to a new 52-week low yesterday and is about 51% lower than it was a year ago.
See BloggingStocks' Apple coverage for more information about Steve Jobs and Apple.
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Reader Comments (Page 1 of 1)
1-21-2009 @ 10:54AM
Beltway Greg said...
$1.71/share.
1-21-2009 @ 5:44PM
kenc29 said...
BG, you mean $1.78 eps, right?
But add in those deferred revs, and you get.. $2.56 eps!!!
1-21-2009 @ 8:21PM
Beltway Greg said...
Note my time, I posted 5 hours and 6 minutes before the market closed. Initially I was going to up it to $1.76 but thought I'd stick at $1.71 because I didn't believe they'd be that strong. I was gleefully wrong.
Now, the deferred revenues. Incredible and so sad that Apple has chosen to account for profits in this manner. I can understand the initial reason, not even Apple thought the IPhone would sell so well. Remember when Steve said 10 million for calendar year 08? He was wrong too. So now we get a nice benign stream of revenues and once again Oppenheimer guides low. Why do they even keep that man on the payroll?
1-21-2009 @ 9:31PM
Hoxsie said...
Beltway Greg: WONDERFUL call on the earnings, only 7 cents low! You could teach those so-called analysts who, as usual, were off, this quarter by what,,, 39 cents?? Also, I think The Apple Team which Jobs put in place is going to run that outfit just fine, thank you!