Apple Set to Report Earnings Thursday; Options Suggest Potential for Up to 4% Move
Apple is set to report its earnings after market close on Thursday, with options pricing indicating a potential stock swing of up to 4%. This will be Apple's final earnings report under Tim Cook as CEO before John Ternus takes over in September. The company has seen strong performance this year, driven by optimism around iPhone sales and anticipated leadership changes. Apple’s shares closed at $340 on Tuesday, a record high, with the stock up 25% for the year. Analysts project revenue of $103.2 billion in Q3 FY26, representing a 15% increase from last year, and earnings per share (EPS) of $1.87 compared to $1.57 in the same period. Morgan Stanley raised its price target for Apple to $364, citing potential revenue growth due to recent pricing strategies aimed at offsetting rising memory costs.
Topics: Apple Earnings Report Stock Movement Prediction Tim Cook Transition