{"id":44088,"date":"2023-08-03T14:52:25","date_gmt":"2023-08-03T18:52:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/what-to-expect-from-apples-earnings-today-heres-a-closer-look\/"},"modified":"2023-08-03T14:52:27","modified_gmt":"2023-08-03T18:52:27","slug":"what-to-expect-from-apples-earnings-today-heres-a-closer-look","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44088","title":{"rendered":"What To Expect From Apple\u2019s Earnings Today. Here’s a closer look."},"content":{"rendered":"
\n

Apple
\n AAPL
\n <\/fbs-ticker> Inc. is scheduled to report earnings after Thursday\u2019s close. The stock hit a record high near $198.23\/share in 2023 and is currently trading near $191\/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:<\/p>\n

Earnings Preview <\/strong><\/h2>\n

The company is expected to report a gain of $1.19\/share on $72.81 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $1.24\/share. The Whisper number is the Street’s unofficial view on earnings.<\/p>\n

<\/fbs-ad><\/p>\n

A Closer Look At The Fundamentals <\/strong><\/h2>\n

Apple\u2019s price to earnings (P\/E) ratio is 33, which is above the the major indices but lower than many of its peers. Big cap tech stocks tend to have higher P\/E ratios as the stock continues to rally. The company\u2019s earnings are expected to decline by -2% in 2023 compared to 2022 and then grow by +10% in 2024 compared to 2023. That could justify higher prices going forward.<\/p>\n

A Closer Look At The Technicals <\/strong><\/h2>\n

Technically, the stock fell just over 30% during 2022 bear market but has since recovered and just hit a new high. The stock bottomed in January 2023 near $124\/share and rallied sharply since then. The bulls want to see the stock rally after earnings and the bears want to see it fall and hit new lows.<\/p>\n

Pay Attention To How The Stock Reacts To The News <\/strong><\/h2>\n

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.<\/p>\n

Disclaimer: The stock has been featured in my FindLeadingStocks.com report.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Apple AAPL Inc. is scheduled to report earnings after Thursday\u2019s close. The stock hit a record high near $198.23\/share in 2023 and is currently trading near $191\/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can […]<\/p>\n","protected":false},"author":1,"featured_media":44089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-44088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nWhat To Expect From Apple\u2019s Earnings Today. Here's a closer look. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Apple AAPL Inc. is scheduled to report earnings after Thursday\u2019s close. 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