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Wall Street Eyes Apple Earnings Following Morning Beats by Marriott and Estée Lauder

Investors are awaiting Apple Inc.'s fiscal fourth-quarter earnings release scheduled after the closing bell on Monday. The latest consensus estimates project Apple's earnings to climb 7% year-over-year to $1.98 per share on a 10.23% revenue increase to $112.95 billion, slightly revised from earlier estimates of $1.99 per share on $113.38 billion. The anticipated report follows strong morning earnings beats and raised forecasts from both Marriott International and The Estée Lauder Companies, alongside cooling Treasury yields and a roughly 4% drop in crude oil prices.

Category

Apple

Sentiment

Neutral

Event

Earnings guidance

Reading time

1 min