Alphabet Projected to Post Double-Digit Q1 Revenue GrowthĮarnings from Google parent Alphabet will be released after Tuesday's close. The pair has an Overweight rating on the Dow Jones stock, which is the equivalent of a Buy. However, COVID-19-related shutdowns across China in early 2022 will likely prompt management to take a more cautious approach to June quarter commentary, they say.
Morgan Stanley analysts Katy Huberty and Erik Woodring believe Apple will beat the top-line consensus estimate for the quarter on solid demand for the iPhone 13 and Mac. AAPL's revenue, meanwhile, is expected to rise 4.9% to $94.0 billion. Analysts, on average, are anticipating earnings of $1.43 per share for the iPhone maker, up 2.1% year-over-year (YoY).
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Apple Earnings Expected to Beat on Strong iPhone, Mac DemandĪpple will report its fiscal second-quarter earnings report after the April 28 close. "Our view of the sector is still just neutral but double-digit earnings growth in the first quarter looks likely, while estimates have held up well over the past month despite the global economic slowdown," Buchbinder says. While energy and materials are going to be the clear winner this earnings season, Jeff Buchbinder, equity strategist for independent broker-dealer LPL Financial, says don't fall asleep on tech stocks.
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