AI
| Followers | 0 |
| Posts | 148553 |
| Boards Moderated | 7 |
| Alias Born | 03/10/2004 |
Monday, April 24, 2023 12:08:52 PM
Earnings Preview: Microsoft Corp. (NASDAQ: MSFT)
By: 24/7 Wall St. | April 24, 2023
• Here are previews of five companies set to report results after markets close on Tuesday.
Microsoft
Over the past 12 months, shares of Microsoft Corp. (NASDAQ: MSFT) have added less than 2% to their share price. Like Alphabet, however, 2023 has been a different story. Shares are up more than 19% so far this year. The company has said it will cut 10,000 jobs.
The release of ChatGPT in early March pushed shares up by about 16%, but that has leveled off since the beginning of April at about 13.8%. A more important driver of investor sentiment for Microsoft is likely to be its cloud business and the company’s outlook for its business customers’ buying plans as recession chatter continues unabated.
Sentiment for the stock is virtually all positive. Of 51 analysts covering the stock, 46 have a Buy or Strong Buy rating and four more rate it at Hold. At a share price of around $285.80, the potential upside based on a median target of $306.00 is about 7.1%. At the high target of $420.00, the implied gain is almost 47%.
For its third quarter of fiscal 2023, revenue at the Dow component is forecast at $51.04 billion, 3.2% sequentially higher and up 3.4% year over year. Adjusted EPS are forecast at $2.23, down 3.7% sequentially and up a penny year over year. For the full 2023 fiscal year ending in June, current consensus estimates call for EPS of $9.36, up 1.6%, on revenue of $208.95 billion, up 5.4%.
Microsoft stock trades at 30.5 times expected 2023 EPS, 26.7 times estimated 2024 earnings of $10.72 and 23.1 times estimated 2025 earnings of $12.38 per share. The stock’s 52-week range is $213.43 to $294.18. Microsoft pays an annual dividend of $2.72 (yield of 0.95%). Total shareholder return over the past year was 2.76%.
Read Full Story »»»
DiscoverGold
By: 24/7 Wall St. | April 24, 2023
• Here are previews of five companies set to report results after markets close on Tuesday.
Microsoft
Over the past 12 months, shares of Microsoft Corp. (NASDAQ: MSFT) have added less than 2% to their share price. Like Alphabet, however, 2023 has been a different story. Shares are up more than 19% so far this year. The company has said it will cut 10,000 jobs.
The release of ChatGPT in early March pushed shares up by about 16%, but that has leveled off since the beginning of April at about 13.8%. A more important driver of investor sentiment for Microsoft is likely to be its cloud business and the company’s outlook for its business customers’ buying plans as recession chatter continues unabated.
Sentiment for the stock is virtually all positive. Of 51 analysts covering the stock, 46 have a Buy or Strong Buy rating and four more rate it at Hold. At a share price of around $285.80, the potential upside based on a median target of $306.00 is about 7.1%. At the high target of $420.00, the implied gain is almost 47%.
For its third quarter of fiscal 2023, revenue at the Dow component is forecast at $51.04 billion, 3.2% sequentially higher and up 3.4% year over year. Adjusted EPS are forecast at $2.23, down 3.7% sequentially and up a penny year over year. For the full 2023 fiscal year ending in June, current consensus estimates call for EPS of $9.36, up 1.6%, on revenue of $208.95 billion, up 5.4%.
Microsoft stock trades at 30.5 times expected 2023 EPS, 26.7 times estimated 2024 earnings of $10.72 and 23.1 times estimated 2025 earnings of $12.38 per share. The stock’s 52-week range is $213.43 to $294.18. Microsoft pays an annual dividend of $2.72 (yield of 0.95%). Total shareholder return over the past year was 2.76%.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
