Apple Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Apple Inc. is expected to release its Q4 financial results on Nov. 2, 2023. Analysts predict earnings of $1.39 per share, up from $1.29 per share a year ago, and revenue of $89.28 billion, down from $90.15 billion. Apple has reportedly stopped efforts to make its Apple Watch and Health app compatible with Android devices. The company's shares gained 1.9% to close at $173.97 on Wednesday. Several analysts have provided their ratings and price targets for Apple.
November 02, 2023 | 2:16 pm
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Apple's Q4 earnings are expected to increase while revenue is expected to decrease compared to the same period last year. The company's shares gained 1.9% to close at $173.97 on Wednesday. Several analysts have provided their ratings and price targets for Apple.
The news is directly about Apple's upcoming Q4 earnings release. The predicted increase in earnings and decrease in revenue could have mixed effects on the stock price. The company's decision to stop efforts to make its Apple Watch and Health app compatible with Android devices could potentially limit its market reach, which might negatively impact the stock. However, the recent gain in the company's shares and the various analyst ratings and price targets could influence investor sentiment.
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IMPORTANCE 80
RELEVANCE 100