Apple Is Expected To Reveal An Impressive $90 Billion In Buybacks And Dividends During Its Forthcoming Earnings Report

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Apple’s Q2 earnings report is coming out on May 4. Experts predict that sales will be lower due to a 5% decline in revenue caused by decreased sales of Mac and iPad.

During its fiscal second-quarter report, Apple plans to inform investors about its authorized spending on share buybacks and dividends. This serves as a reminder of the company’s significant size and market power, as well as its ability to generate substantial profits and cash flow each quarter.

Analysts at Bank of America Securities said in a note earlier this month that capital returns are a “focus” of Thursday’s report. They expect $90 billion in authorization, and Barclays analysts anticipate the same.

Some individuals are questioning the sustainability of Apple’s current momentum. As stated in Barclays’ report, they anticipate that “AAPL will persist in their efforts to achieve net cash neutrality in the near future.”

Apple’s finance chief Luca Maestri has a smart financial strategy in place. By striving for “net cash neutral,” Apple can balance its cash reserves with its debts. This approach allows the board to make informed decisions about the speed of its capital return.

According to certain analysts, there could be a decline in sales for the June quarter, continuing the trend from previous years.

Wamsi Mohan from Bank of America has provided a note stating that the F3Q guide is expected to show a decrease in comparison to the previous year. However, it is anticipated that the decline will be less significant than what was observed during F2Q.

Refinitiv reports that analysts predict a 2% increase in Apple’s revenue for Q3, with an expected total of $84.7 billion.

Apple has the potential to benefit from a “flight to safety” positioning, even with a weaker outlook, according to JPMorgan analyst Samik Chatterjee.

Refinitiv consensus estimates project the company to report earnings of $1.43 per share and sales of $92.97 billion for the second quarter. It should be highlighted that the sales figure is expected to decrease by 4.4% in comparison to the previous year.

According to a recent estimate by FactSet, Apple’s revenue from iPhone sales is projected to decline by 3.8% annually, ultimately reaching $48.66 billion. Additionally, it is anticipated that all of the company’s hardware product lines will experience a decrease in sales. This information may be of interest to stakeholders and those monitoring the performance of Apple in the market.

 

Apple Long (Buy)
Enter At: 169.79
T.P._1: 173.73
T.P._2: 179.22
T.P._3: 182.82
S.L.: 157.28

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