Analysts Predict Apple Q3 2006 Earnings

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Date: Monday, July 17th, 2006, 22:41
Category: Finance

Apple’s conference call webcast discussing Q3 – 2006 financial results will begin at 2pm PT/5pm ET on Wednesday, July 19, 2006.

Piper Jaffray analyst Gene Munster and American Technology Research analyst Shaw Wu on Monday gave their thoughts on Apple’s upcoming earnings call, which will happen after the markets close on Wednesday, July 19. Both of them expect the company’s revenue for the previous fiscal quarter to be at the upper end of Wall Street’s consensus estimate of US$4.2 to $4.4 billion, with $0.44 EPS.

Mr. Munster sees Apple announcing iPod sales of 7.7 to 8.2 million units, below the Wall Street consensus estimate of 8.3 million. He also sees 1.23 million Macs sold, compared to the consensus of 1.25 million. In addition, the analyst expects Apple will continue with its tradition of providing conservative guidance for the current quarter, which right now stands at $4.95 billion in revenue and $0.52 EPS, according to Wall Street estimates.

TMO Reports – More Analysts Weigh in on Apple’s Wed. Earnings Call || The Mac Observer