With Apple due to report its quarterly earnings on Wednesday, Fortune has been doing its usual analyst temperature-taking. The 37 analysts who have responded so far expect an average of $43.5B, toward the high end of the $42-44B Apple told the market to expect.
So what are our analysts expecting this week? No surprises, that’s for sure. The average revenue estimate of the 37 analysts we’ve heard from so far — 14 amateurs and 23 pros — is 43.5 billion, just above the midpoint of Oppenheimer’s range.
The amateurs, as usual, are a bit more bullish. They’re calling for earnings of $10.53 per share on sales of $43.66 billion. The pros are not far behind: earnings of $10.18 on sales of $43.42 billion …
If the estimates are correct, it will add to the pressure on Apple to launch new products, with the market paying close attention to Apple’s guidance for Q3. In last year’s Q2 earnings call, Tim Cook promised “really great stuff […] across all of 2014.” If anything new is launching in the first half of the year, that should be reflected in Apple’s earnings guidance for its fiscal Q3: April to June.
FTC: We use income earning auto affiliate links. More.