What to expect from Apple’s Q2 results and Q3 guidance

Four versions of the consensus, hot off the analysts’ spreadsheets.

The March quarter’s results are largely baked in. Next Tuesday, the Street’s eyes will be on the Apple’s guidance for June.

Apple Q2 2019 consensus

Apple Q2 2019 consensus

Guide to the numbers:

  • Visible Alpha: Gathered by a consortium of banks for their use and for their clients.
  • Estimize: Crowd-sourced site that invites anonymous estimates.
  • Thomson Reuters: Average used by most public sites (e.g. Yahoo Finance).
  • Apple 3.0: This site’s mix of pros and independents has out-performed Thomson Reuters for at least 9 quarters in a row. Plus, it names names (see Best and Worst).

Bottom line: The consensus among consensuses is that Apple’s revenue guidance for the June quarter will be somewhere between $51 billion and $54 billion, which is to say up or down a percentage point or two from the same quarter last year.

We’ll find out whose consensus was closest to the mark when Apple offers its Q2 results and Q3 guidance after the markets close Tuesday, April 30. I’ll be monitoring the earnings call with analysts and you can too. Click here for instructions.

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