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

News Snapshot:

AAPL +1.87% Add to/Remove from Watchlist In an earlier this week, a quick preview of Apple (NASDAQ: )’s (AAPL) 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. Personally, I think Apple’s stock is going to trade off the fiscal Q1 ’24 guidance, which represents the 4th calendar quarter or the holiday quarter every year. Street consensus for Q1 ’24 is looking for $2.09 in EPS on $122.9...