Apple Earnings Preview: Low Bar Could Set the Stage for Post-Earnings Rally

Identify top stocks and build outperforming portfolios with InvestingPro, for less than $9 a month thanks to our limited 1-year subscription offer) today as the tech giant releases its highly anticipated quarterly results after the markets close. Apple, the world's second-largest company by market capitalization, holds immense sway over the broader market, making its performance a crucial indicator for investors.

Revenues are forecast to reach $90.608 billion, a 4.5% decrease compared to the same quarter last year. Can Apple defy expectations and deliver a positive surprise that reignites investor confidence? Tonight's results are set to be a pivotal moment for the tech giant.Analysts predict Apple's EPS to reach $1.51, slightly lower than the $1.52 reported a year ago. This suggests the stock is trading at relatively low levels ahead of the earnings release, and analyst expectations are modest.

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