A Pair of Apple Earnings Previews from JPMorgan and Baird

This week’s main event earnings-wise is tomorrow night’s Apple ($AAPL) report.

Barron’s Tech Trader blog has two interesting (and bullish) previews ahead of the call, one from Baird and one from JPMorgan.

JPM’s Mark Moskowitz thinks the iPhone uptake is going to blow everyone away…

Mark Moskowitz warns investors to “get ready for the return of the wow factor.” He raised his Q3 EPS estimate to $6.58 from a prior $5.55 per share, on revenue of $27.42 billion, up from $24.80 previously.

Will Power from Baird, while carrying an Outperform and a $450 price target, is somewhat less bullish, his estimates of 16.9 million iPhones and 7.3 million iPad units sold last quarter are a bit below consensus.

You can find all of the professionals’ estimates in the mega-graphic from Fortune below.  Look at that $1 gap in Q3 earnings expectations between the pros and the amateurs, btw…

click to embiggen as always