Wall Street Agrees On One Thing About Apple Stock Pre-Earnings

Wall Street Agrees On One Thing About Apple Stock Pre-Earnings ...

Today, the Apple Maven will give you a sneak peek at Apple's () financial Q2 earnings day. These are some of the most important topics discussed:

Below is a recap of what Wall Street anticipates on April 28. Analysts seem to disagree on one thing: Apple will likely deliver strong results fueled by several of the same factors that I have listed above.

Apple Stock Pre-Earnings: Wall Street Approves One Thing


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Analysts are adamant about the second quarter.

This week, several analysts have published their earnings predictions. Not unlike the Apple Maven, Canaccord's Michael Walkley also the iPhone 13 and the Mac as the two main engines that fueled Apple's performance in fiscal Q2.

According to the analyst, Apple is a buy because to favorable events, including (1) the 5G upgrade cycle and (2) a revenue mix shift toward the higher-margin services segment. Canaccord has a price target of $200 on the AAPL, suggesting an increase of 26%.

William Power of Baird is a bit weak, but his view of AAPL comes with strings attached. Apple stock should be purchased "more aggressively due to weakness," according to the analyst, which means that he is not ruling out a bearish reaction to the earnings print.

Mr. Power still believes that Apple's stock should be valued at $190 per share. However, he is concerned about (1) valuations that are approaching a high against the S&P 500 and (2) declining demand in parts of the world, including China and Europe.

Toni Sacconaghi, an Apple critic who has a market performance rating on AAPL stock, was unlucky. He Apple will deliver a solid fiscal Q2 and possibly an all-around beat.

Given the wide range of macro-level challenges, he appears to think that the forecast for the remainder of 2022 may be as optimistic as it should be. If Apple does not drop the mic this week, the analyst believes that the narrative for the remainder of the year might sour.

Wamsi Mohan, a bank of America trading target of $215 on Apple stock, has a 36% upside potential. This quarter's confidence in AAPL shares transcends the P&L.

The analyst claims that the Cupertino company will announce a buyback authorization of at least $70 billion and a dividend increase of 5%. The last time that Apple did both, when it added $90 billion to the repurchase program, and increased dividends by 7%.

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Questions about Twitter

Apple reports earnings on Thursday, April 28. According to analysts, revenues should increase YOY by 5%, and EPS should increase by a modest 2%. What do you think will be true?

Apple Maven, here's how to learn more.

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report. Aside from that, the article may include affiliate links. These partnerships do not influence editorial content. Thanks for assisting Apple Maven)

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