'To guide or not to guide; that is the question': Here's what 4 analysts expect when Apple reports quarterly earnings

Apple CEO Tim Cook.Getty

• Wall Street is mixed on Apple's upcoming fiscal second quarter earnings report, which will be released Thursday after market close.
• The earnings report will give a glimpse into how hard Apple's iPhone sales were hit amid the coronavirus pandemic, as its supply chain and demand for its products were impacted by the virus.
• Besides iPhone sales, all eyes are on Apple's growing services businesses, which should begin to see effects from its recent offerings like Apple TV+, which launched in November 2019.
• Here's what four Wall Street analysts expect from Apple's earnings report.
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Apple reports its fiscal second quarter earnings Thursday after market close, and Wall Street analysts have varying expectations for the tech giant's results.

On February 17, Apple said that it wouldn't meet its previously announced second quarter revenue guidance of $63 billion to $67 billion due to the coronavirus pandemic.

The company has seen disruption to its supply chain in China and a likely reduction in demand for its products amid the coronavirus pandemic.

Here's what analysts surveyed by Bloomberg expect:

• GAAP earnings per share: $2.26 expected
• Revenue: $54.24 billion expected
• Gross margin: 38.44% expected

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Besides iPhone sales, investors will turn their attention to Apple's growing services business, which includes new offerings like Apple TV+ and Apple Arcade.

This will be the first full quarter of Apple TV+, which launched in November 2019. Analysts will be looking to see how many of Apple's customers took advantage of free trials and then converted to become paying subscribers.

Apple closed at $287.73 per share on Wednesday, down about 1.3% year-to-date. Here's what four Wall Street firms expect from Apple's second quarter report.