Tomorrow after the market closes, Apple is set to announce its earnings for the quarter gone by. Below is a chart, courtesy of CNN, encapsulating a number of analyst predictions about the numbers Apple will reveal.
Note how the estimates from the unqualified analysts are a lot higher than the ones from the Wall Street analysts – I’d bet good money that the unqualified analysts end up being more accurate.
The last time Apple announced its earnings, I took the prediction from a random commenter on a blog and compared it to “professional” Wall St. predictions. Not surprisingly, a random guy on a blog turned out to be more in tune with Apple’s financials than the folks who actually get paid to study it for a living.
So, let’s see if random comment guy can go 2/2. On a CNN post from earlier today, I happened upon a comment from TimboM of Madison, Wisconsin who predicted that Apple will report earnings of $1.38 a share on revenue of $8.62 $11 Billion. Can TimboM give Wall St. a run for its money? Tune in tomorrow after the bell to find out!