News Formal

Here's what analysts at major Wall Street firms expect from Apple's upcoming earnings report

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Wall Street analysts stayed cautious on Apple ahead of its September quarterly earnings announcement, citing weakening demand.

Analysts on Wall Street are cautious on Apple ahead of the tech giant's its fiscal fourth-quarter report Thursday amid signs of softening demand. The tech giant's quarterly results come on the heels of several product launches. Apple released its long-awaited iPhone 15 product line with USB-C charging in September, as well as a new Apple Watch and updated AirPods.

mountain Apple stock in 2023 The company will post its September quarter results Thursday after the bell. Analysts are estimating earnings of $1.39 per share on revenue of $89.28 billion, according to LSEG. According to StreetAccount, Apple has beaten consensus earnings in 17 of the last 20 quarters. Take a look at what analysts are forecasting ahead of the company's announcement: Deutsche Bank trims price target Deutsche Bank reduced its price target on shares to $200 from $210.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple earnings are on deck, and Wall Street isn't feeling so cheeryAnalysts have some concerns about the holiday-quarter outlook in light of economic unease and China pressures
Source: MarketWatch - 🏆 3. / 97 Read more »