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Apple set to beat Q3 estimates as BofA sees margin dip as transitory
['July', 'Min Read']
Yahoo Finance
Apple set to beat Q3 estimates as BofA sees margin dip as transitory Proactive uses images sourced from ShutterstockApple Inc (NASDAQ:AAPL, XETRA:APC) is expected to beat consensus estimates for its fiscal third quarter, according to Bank of America, even as the bank takes a more conservative view of iPhone seasonality tied to a staggered launch schedule.
The bank noted the Street may not be fully reflecting this launch timing in its estimates.
On services, BofA expects fiscal third-quarter revenue growth of 14% year over year, in line with guidance.
The bank also nudged up its fiscal 2027 and 2028 EPS estimates to $9.91 and $10.89, respectively.
Apple reports fiscal third-quarter results after market close tonight.