Apple EPS to beat predictions in September: Piper
updated 11:10 am EDT, Mon September 22, 2008
Apple EPS predictions
Apple is likely to surpass earnings-per-share expectations for its September quarter, say analysts from Piper Jaffray. The research group says that it is raising its both its EPS and revenue predictions, from $1.04 and $7.9 billion to $1.17 and $8.37 billion. The Street, by contrast, is said to have adopted a middle view, of $1.11 EPS on $8.07 billion. The new Piper estimate is based on deeper analysis of NPD data.
Based on shipments in July and August, Piper says it expects Apple to have shipped 2.8 million Macs, 11 million iPods and 5 million iPhones by the end of the quarter; this compares to previous predictions of 2.5, 10.8 and 4.1 million, respectively. Piper remarks that the quarter may mark the first time the iPhone becomes a "meaningful" amount of booked revenue, possibly as high as 21 percent. In the June quarter, the booked figure totaled only 4 percent. Piper is estimating $1.60 in booked EPS for the September quarter.
Fresh-Faced Recruit
Joined: Aug 2007
Yikes, more revenue...
If Apple keeps bringing in more revenue, the stock will really be hammered to death by WS. The more revenue they bring in, the lower the stock goes. If they have blowout numbers this quarter the stock will end down around $100 a share. I'm not sure I can take much more of this. The volatllity of Apple stock is incredible. Apple is the whipping child of WS madness.