Microsoft Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Microsoft Corporation (NASDAQ:MSFT) is set to release its Q1 financial results on Oct. 24, 2023. Analysts predict a quarterly earnings of $2.5 per share, up from $2.35 per share a year ago, and revenue of $51.4 billion, up from $49.61 billion. Microsoft shares gained 0.8% to close at $329.32 on Monday. Several analysts have maintained or initiated a Buy or Overweight rating on the stock, with price targets ranging from $385 to $430.
October 24, 2023 | 1:57 pm
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POSITIVE IMPACT
Microsoft is expected to post increased earnings and revenue for Q1. The stock has gained 0.8% and analysts have given positive ratings with price targets between $385 and $430.
The expected increase in earnings and revenue, along with the positive ratings and increased price targets from analysts, suggest a positive short-term impact on Microsoft's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100