Trading Strategies For Microsoft Stock Before And After Quarterly Earnings
Portfolio Pulse from Melanie Schaffer
Microsoft Corporation (NASDAQ:MSFT) is set to release its first-quarter 2024 fiscal year financial results after the market closes on Tuesday. Analysts estimate earnings per share of $2.50 on revenues of $51.4 billion. Citigroup analyst Tyler Radke maintained a Buy rating and raised the price target from $420 to $430. From a technical analysis perspective, Microsoft’s stock looks bullish heading into the event, trading in a falling channel pattern.
October 24, 2023 | 7:15 pm
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Microsoft is set to release its Q1 2024 fiscal year results. Analysts estimate an EPS of $2.50 on revenues of $51.4 billion. The stock is currently trading in a falling channel pattern, which is bullish heading into the event.
The upcoming earnings release is a significant event for Microsoft. Analysts' estimates and the bullish trading pattern suggest potential positive movement for the stock. However, the actual impact will depend on the reported results and their comparison to the estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100