Microsoft Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Microsoft Corporation (NASDAQ:MSFT) is anticipated to report an increase in Q2 earnings with an expected $2.78 per share, up from $2.32 the previous year, and projected revenue of $61.10 billion. CEO Satya Nadella plans to visit India to explore AI opportunities. Shares rose 1.4% to $409.72. Analysts from Wedbush, Piper Sandler, BMO Capital, Mizuho, and Argus Research have reiterated positive ratings with price targets ranging from $420 to $455.
January 30, 2024 | 3:09 pm
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POSITIVE IMPACT
Microsoft is expected to report higher Q2 earnings and revenue, with a positive outlook from analysts and a recent stock price increase. CEO's upcoming trip to India may further highlight the company's AI initiatives.
The anticipation of higher earnings and revenue, combined with positive analyst ratings and a recent stock price increase, suggests a positive short-term impact on MSFT's stock. The CEO's trip to India to explore AI may also contribute to a favorable market perception.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100