Apple Earnings Preview: Quality Still High, but Stock Hinges on Q1 2024 Guidance

)’s expected fiscal Q4 ’23 was provided, but with the earnings expected on Thursday night after the close, I thought it worth the post to talk about Apple’s earnings “quality” and the fact is, it still remains high, for a hardware manufacturer.

Street consensus for Q1 ’24 is looking for $2.09 in EPS on $122.9 – $123 billion in revenue for expected year-over-year growth of 11% and 5% respectively. For full-year fiscal ’24, Street Consensus is expecting 8% growth in EPS and 6% growth in revenue for the coming four quarters, the revenue growth expected is in line with Apple’s revenue growth in fiscal years 2020 and 2022.

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