Apple Earnings Smackdown: Final spreadsheet FQ1 2022

Exclusive: The analysts (pros and indies) have placed their bets in advance of today’s December quarter results. The fun starts at 4:30 p.m. Eastern.

First the summary (click to enlarge): [Updated with corrections 10:30 a.m.]

apple smackdown final q12022
Below: The individual analysts’ estimates—as complete, accurate and up-to-date as I can make them — Wall Street professionals in blue, independents in green. Corrections (and filled-in blanks) appreciated, but the window closes at 12 p.m. Eastern.

apple smackdown final q12022

Tune in after the markets close today for Apple’s official results. I’ll be auditing the 5 p.m. Eastern call, and you can too. Here’s the webcast link. Subscribers are welcome to comment on the action in the Apple 3.0 Slack. (Don’t know about the Apple 3.0 Slack? E-mail ped@ped30.com with Slack in the subject line. Subscribers only, please.)

Come back Friday morning for my regular post-earnings analysis: Five Easy Charts, Best and Worst Apple Analysts and What the Analysts Are Saying.

16 Comments

  1. Chris De Armond said:
    Looks like the average for pros and Indies duplicates the independent line.

    1
    January 27, 2022
  2. Robert Stack said:
    Interesting data point: For 1Q22 our favorite bear (Toni S, not Yogi) is actually predicting nearly $5B more in total rev than our favorite bull (Dan Ives, not Bullwinkle). Toni also estimates EPS at $1.93 vs Dan’s estimate of $1.75.

    Did Rod Hall sit this one out?

    2
    January 27, 2022
    • John Konopka said:
      Maybe because Dan didn’t update this since the end of October?

      1
      January 27, 2022
      • Bart Yee said:
        @John That must be it because Ives is so far off low coming in last on both Revenue and EPS, plus last on Services and Gross Margin. I guess he’s been pretty busy with the tech sector and just didn’t get a revised estimate out there.

        0
        January 27, 2022
  3. US Commerce Dept announced the US economy grew at a 6.9% annual pace from October through December. This despite labor, shipping, and inflation issues. The 5.7% growth rate for all of 2021 is astonishing.
    This is an economic indicator supporting the more optimistic estimates in the charts above. While Apple is an international firm, the US market remains its largest. The growth rates of other nations, especially our largest trading partners, will begin to reflect US economic growth. The recovery from the Pandemic remains a multi-year saga with heartbreaks but also indicators of how resilient some nations have become.

    5
    January 27, 2022
  4. Greg Lippert said:
    Is there anything Apple can say today to stop the continued tech downfall? I’m doubtful near term. Big Mo is pointing down.

    0
    January 27, 2022
  5. Bart Yee said:
    Is it me or have the number of Apple Pros who returned their info become less and less numerous? If we came across their numbers, would they or their firm have problems if we included that in the smackdown, unnamed analyst aside?

    Seems to me many of us have access to something other analysts on Apple are putting out there at some point.

    No Hall, no Ferragu, no Niles, etc. but who knows if they even put out numbers where we can see them or if we know where to find them anymore?

    0
    January 27, 2022
    • Robert Douglass said:
      Wow Bart, From an early, quick read of the AAPL Q1…
      You NAILED it!… or got very close 🙂
      Props to you for your accuracy, and PED for allowing this wonderful dissemination of thought.

      2
      January 27, 2022
  6. Bart Yee said:
    Apple today announced financial results for its fiscal 2022 first quarter ended December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10.

    0
    January 27, 2022
  7. Bart Yee said:
    Congrats to the two Jeff’s for Revenue and Greg Boyd for nailing the EPS!

    1
    January 27, 2022
  8. Darren DMW said:
    Good chatting happening in the slack channel now if anyone wants to join us.

    0
    January 27, 2022

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