The conference call with analysts begins at 5 p.m. Eastern (2 p.m. Pacific).
FORTUNE -- There should, in theory, be fewer surprises than usual three weeks from now when Apple (AAPL) releases the results of its second fiscal quarter of 2013.
In January the company changed the way it gives analysts guidance, replacing the "conservative" estimates of the past indicating what it had reasonable confidence of achieving with a range that reflects its MOREPhilip Elmer-DeWitt - Apr 2, 2013 6:41 AM ET
Wall Street makes a comeback
FORTUNE -- As long-time readers of this blog know, we've been running for more than four years a friendly competition we call the Apple Earnings Smackdown.
Here's how it works: Each quarter, in advance of Apple's (AAPL) earnings report, we gather estimates from every analyst we can reach -- both Wall Street professionals and a collection of (mostly amateur) independents.
What made the exercise particularly interesting -- at MOREPhilip Elmer-DeWitt - Feb 17, 2013 11:21 AM ET
Ranking the best and worst Apple analysts for fiscal Q1 2013
FORTUNE (Koh Ngai, Thailand) -- As evidenced by Apple's (AAPL) sickening $55.5 (10.8%) drop in after-hour trading Wednesday, the analysts who cover the company -- both on and off Wall Street -- aren't doing it any favors.
The company didn't have a bad quarter. In fact, it posted its best quarter ever with earnings per share of $13.81 on sales of MOREPhilip Elmer-DeWitt - Jan 23, 2013 8:16 PM ET
If Apple is about to report its best ever quarter, why does the stock keep falling?
FORTUNE (Hanoi) -- It's hard to reconcile the steep downward slope of the small chart above with the upward thrust of the two larger charts at right.
The first shows Apple's (AAPL) share price falling 27% since the close of the company's last fiscal quarter.
The second two charts show the consensus of the 67 analysts we MOREPhilip Elmer-DeWitt - Jan 15, 2013 4:05 PM ET
The analysts' forecasts range from 4.45 million to 6.5 million. Median estimate: 5.2 million
FORTUNE (Vientiane, Laos) -- At first glance, the chart at right looks pretty dismal. It suggests that Wall Street expects Christmas quarter sales of the Mac to grow less year over year than any year in memory, and that our sample of independent analysts -- generally more bullish than the professionals -- expect year over year unit MOREPhilip Elmer-DeWitt - Jan 12, 2013 6:27 PM ET
The analysts' forecasts range from 17 million to 32 million. Median estimate: 24 million
FORTUNE (Vang Vieng, Laos) -- Sales of Apple's (AAPL) iPad grew from zero to 7.3 million units in 2010 and doubled in 2011 to 15.4 million.
According to our most bullish independent analysts, they doubled again in calendar 2012.
According to the most bearish professional -- Argus Research's Jim Kelleher -- they grew (once you factor out 2011's extra MOREPhilip Elmer-DeWitt - Jan 11, 2013 6:39 PM ET
The analysts' forecasts range from 43 million to 63 million. Median estimate: 49.5 million
FORTUNE (Luang Prabang, Laos) -- A year ago, Apple (AAPL) blew past all expectations by reporting sales of 37 million iPhones in the Christmas quarter, 128% more than the year before and a cool 10 million units better than the median analyst's estimate.
That's what analysts call a tough compare.
Nobody expects a repeat of that kind of surprise MOREPhilip Elmer-DeWitt - Jan 9, 2013 6:30 PM ET
Also northern Thailand, Laos, Vietnam and Cambodia
FORTUNE -- Starting New Years Eve, I'm going to be on a four-week walkabout in parts of the world where Internet access is often sketchy. So except for gathering and sorting analysts estimates, this blogger will be on vacation.
By the time Apple (AAPL) releases the results of its first fiscal quarter of 2013 -- the Christmas quarter that ended Saturday -- I expect to be MOREPhilip Elmer-DeWitt - Dec 31, 2012 5:40 AM ET
For the third time in five quarters, the professional analysts outgunned the amateurs
FORTUNE -- It was a great story while it lasted.
For nearly three years the professional sell-side analysts who cover Apple (AAPL) for the big banks and brokerage houses got clobbered every quarter by a motley group of amateurs -- bloggers, day traders and individual investors who bet on Apple to beat the Street's consensus and hadn't been wrong MOREPhilip Elmer-DeWitt - Oct 26, 2012 9:06 AM ET
Lowered expectations after Tim Cook's Tuesday bombshell
FORTUNE -- On Monday, Wall Street's consensus for Apple's (AAPL) fourth quarter report -- scheduled to be released today after the markets close -- was for earnings of $8.85 on sales of $36.32 billion.
By Thursday, according to Thomson Financial, those numbers had dropped to $8.75 and $35.8 billion. And among some of the analysts who revised their estimates this week, expectations were even lower.
What MOREPhilip Elmer-DeWitt - Oct 25, 2012 7:57 AM ET
|Regulators pave way for Internet "fast lane" with net neutrality rules|
|GM's $1.3 billion recall cost wipes out profit|
|Female gun instructors in hot demand|
|Apple shares soar on increased buyback|
|Premarkets:Buoyed by Apple, Facebook (but not GM)|