The bulls and the bears both got burned.
None of the analysts who follow Apple covered him- or herself with glory this time around, although on the whole the more cautious professionals did better than the congenitally bullish independents. In fact, the best estimates in each category (bright green in the bottom spreadsheet) were all made by pros, although they earned their share of worst estimates (bright red) as well. Without further ado…
A tip of the hat to
- Hilliard Lyons’ Stephen Turner, who nailed the bottom line to the penny.
- Atlantic Equities’ James Cordwell, who missed the top line by 0.1%.
- Canaccord Genuity’s T. Michael Walkley, who overshot iPhone unit sales by only 0.3%.
A wag of the finger to
- Sand Hill’s Chuck Jones, whose $49.5 billion revenue estimate was too bullish by $2.65 billion.
- JP Morgan’s Rod Hall, whose $1.79 EPS estimate was 7.2% too too high.
- Credit Suisse’s Kulbinder Garcha and Barclays’ Mark Moskowitz, who overshot and undershot, respectively, Apple’s iPhone unit sales by roughly equal measures.
Below: The full list of analysts, sorted by the top and bottom line, with the pros in blue and the amateurs in green.
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Finally, a color-coded spreadsheet that shows, in each category, best and second-best estimates (in bright and dark green) and worst and second-worst (in bright red and pink). Click here for the Google Sheet.
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