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

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Stocks Analysis by Brian Gilmartin covering: Apple Inc, Apple Inc DRC, Apple Inc BDR, BNP PARIBAS ARBITRAGE ISSUANCE BV Put 201.27 USD APPLE COMPUTER INC. 31Dec99. Read Brian Gilmartin's latest article on Investing.com

)’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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