Apple Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Apple Inc. AAPL is expected to release financial results for its fiscal fourth quarter, after the closing bell on Nov. 2, 2023.

Analysts expect the company to post quarterly earnings at $1.39 per share, up from year-ago earnings of $1.29 per share. The company’s revenue might come in at $89.28 billion, compared to $90.15 billion in the year-ago period.

Apple reportedly ceased efforts to make its Apple Watch and Health app compatible with Android devices.

Apple shares gained 1.9% to close at $173.97 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $240 on Nov. 1, 2023. This analyst has an accuracy rate of 71%.
• Barclays analyst Tim Long maintained an Equal-Weight rating and cut the price target from $167 to $166 on Oct. 30, 2023. This analyst has an accuracy rate of 70%.
• B of A Securities analyst Wamsi Mohan reiterated a Neutral rating with a price target of $173 on Oct. 24, 2023. This analyst has an accuracy rate of 77%.
• Evercore ISI Group analyst Amit Daryanani reiterated an Outperform rating with a price target of $210 on Sept. 28, 2023. This analyst has an accuracy rate of 73%.
• UBS analyst David Vogt reiterated a Neutral rating with a price target of $190 on Sept. 27, 2023. This analyst has an accuracy rate of 76%.

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