🔥Stock Prediction: How will Apple close Friday 5/5 following their earnings?

Tiger_Earnings
2023-04-28

Click to vote. Guess how will Apple close Friday 5/5 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

$Apple(AAPL)$ will release its financial report for the second quarter of fiscal year 2023 after the US stock market closes on Thursday May 4th.

🔙 Latest Results

  • EPS: $1.88 vs. $1.94 estimated, down 10.9% year over year

  • Revenue: $117.15 billion vs. $121.10 billion estimated, down 5.49% year over year

  • Gross margin: 42.96% vs. 42.95% estimated

💡Highlights of this quarter:

Deutsche Bank raised the firm's price target on Apple to $170 from $160 and keeps a Buy rating on the shares. The analyst expects Apple to report fiscal Q2 results in line with Street estimates, with strength in iPhone offsetting incremental weakness in other areas.

JPMorgan raised the firm's price target on Apple to $190 from $175 and keeps an Overweight rating on the shares ahead of the fiscal Q3 results.

In addition to revenue and EPS performance, the focus of this quarter's financial report will also be on Apple's stock buyback plan. In recent Q2 financial reports, Apple has disclosed its stock buyback plan, and it is expected that the company will also reveal the size of its buyback program for next year in this report. Analysts generally expect this Apple stock buyback plan to be around $90 billion, which is consistent with 2022 and 2021.

📒Apple Q2 earnings consensus

Apple's second quarter revenue is expected to be $92.596 billion, with an adjusted net profit of $22.636 billion and an adjusted EPS of $1.428, according to Bloomberg's consensus expectations.

💰Event Details

  • Click to vote. Guess where apple will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

  • For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins.

⏰Event Time

The deadline for this event is 9:00 pm on 5th May 2023

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How will Apple close Friday 5/5 following their earnings(Maximum1 votes)
  • Up (over 5%)(24 votes)
  • Flat (-5% to 5%)(31 votes)
  • Fall (below-5%)(5 votes)
Q2 Earnings Season
A parade of earnings reports will expose how companies have contended with soaring inflation, shifts in consumer spending, and a volatile supply environment.
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