Wall Street Expectations For Apple’s March Quarter – AAPL

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Fortune’s Philip Elmer-DeWitt notes in a report published today, that as Apple (AAPL) prepares to report Q2’14 earnings after the market closes on Wednesday, the average revenue estimate of the 37 analysts he has heard from so far expect an average of $43.5B, towards the high end of the $42-$44B for the quarter, which spans the months of January through March.

“So what are our analysts expecting this week? No surprises, that’s for sure. The average revenue estimate of the 37 analysts we’ve heard from so far — 14 amateurs and 23 pros — is 43.5 billion, just above the midpoint of Oppenheimer’s range.

The amateurs, as usual, are a bit more bullish. They’re calling for earnings of $10.53 per share on sales of $43.66 billion. The pros are not far behind: earnings of $10.18 on sales of $43.42 billion…”

Analysts last week predicted for Apple’s second quarter of its fiscal year iPhone sales of 38.19 million, just two percent up year-on-year. Worse, the consensus view is for iPad sales of 19.3M, representing a 0.7 percent y/y decline. This is a significant deterioration in terms of sale numbers from Q2’13, which saw a 55% y/y spike.

Wall Street also expects the iPhone maker to announce an increase to its stock buyback program and quarterly dividend this week.

Apple shares, which have leaped nearly 36% year-over-year, are up $2.42, or 0.46%, at $527.24 in early trading Monday.

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