Goldman Sachs expects Apple Inc. (NASDAQ:AAPL) to beat analyst expectations when it reports third-quarter earnings after Thursday’s closing bell.
The tech giant should exceed Wall Street consensus of $1.33 earnings per share (EPS) by 3 cents on Thursday, according to Goldman Sachs analyst Michael Ng. He predicted revenue for the quarter to come in at $85.1 billion, up 4% from $81.8 billion in revenue posted a year ago.
“While Apple’s iPad market share has lagged in recent quarters relative to history, we expect the recently announced new iPad models (May 7) should benefit market share in F3Q24,” he wrote in a note.
“The new iPad models represented the first new iPads since October 2022.”
Goldman Sachs maintains a Buy rating on …