Apple Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Apple Inc. is set to release its Q2 earnings after the market closes on May 2, with analysts forecasting an earnings per share of $1.50, up from $1.42 the previous year, and revenue of $90.01 billion, up from $88.5 billion. The company has faced issues with iPhone alarms not sounding. Shares dropped 0.6% to $169.30 recently. Analysts from Citigroup, Maxim Group, Loop Capital, Barclays, and B of A Securities have provided various ratings and price targets for Apple's stock.
May 02, 2024 | 1:52 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Apple Inc. is anticipated to report increased earnings and revenue for Q2. Analysts have revised their ratings and price targets ahead of the earnings call, with a mix of Buy, Hold, and Underweight ratings.
The anticipation of Apple's Q2 earnings report, combined with recent analyst ratings and adjustments to price targets, suggests a neutral short-term impact on AAPL's stock price. The mixed analyst ratings indicate uncertainty, while the expected increase in earnings and revenue could support the stock. The recent dip due to the iPhone alarm issue adds a note of caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100