How the Apple analysts have changed their tune
October 29, 2018 by Steven M. Peters
Bottom line: My panel is 6% more bullish about Apple’s September quarter than it was last summer.
In the last week of July, I asked my panel of analysts to estimate Apple’s top- and bottom-line results for the September quarter (fiscal Q4 2018).
Last week, with Q4 results about to be released, I asked them again.
With a few glaring exceptions, they are, as a group, modestly more bullish about the quarter than they were three months ago, up an average of 4% on revenue and 6% on earnings per share.
Here’s what that looks like. Click on the column headings in the charts below to see before, after, and—most dramatically—the three-month changes. Not seeing the Revenue chart, click here.
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Not seeing the EPS chart, click here.
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We’ll see who was closest to the mark when Apple reports next Thursday (Nov. 1). The conference call with analysts begins at 5 p.m Eastern. I’ll be listening in. You can too. Tune in here.
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