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Barchart
Mohit Oberoi

Apple Earnings Preview: Should You Buy AAPL Stock Ahead of Thursday's Q2 Report?

Apple AAPL Alphabet Amazon.com Inc. Bernstein Google Huawei Meta Tesla Inc.

Apple (AAPL) will release its fiscal Q2 2024 earnings this Thursday after the closing bell. The iPhone maker is the second-worst performing “Magnificent 7” stock of the year after Tesla (TSLA), which has rebounded after its earnings in late April.

Tesla headed into its Q1 confessional amid extremely low expectations, and the stock soared, despite missing on both the top and bottom line. Can the same tepid expectations help AAPL stock rally after earnings, just like Tesla? We’ll discuss in this article, beginning with a look at Apple's earnings estimates.

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