Microsoft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Microsoft Corporation (NASDAQ:MSFT) is set to release its Q3 earnings after the market closes on April 25, 2024, with analysts predicting an earnings per share of $2.82, up from $2.45 the previous year, and revenue of $60.8 billion. The company recently launched the Phi-3 Mini AI model. Shares rose 0.4% to $409.06. Analysts from Stifel, BMO Capital, Morgan Stanley, UBS, and Jefferies have maintained positive ratings with increased price targets.
April 25, 2024 | 1:37 pm
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Microsoft is anticipated to report a strong Q3 with earnings per share of $2.82 and revenue of $60.8 billion, buoyed by the launch of the Phi-3 Mini AI model. Analysts have maintained positive ratings with increased price targets.
The anticipation of strong Q3 earnings, coupled with the recent launch of the Phi-3 Mini AI model, has led to a positive sentiment among analysts, reflected in their maintained and upgraded ratings and price targets. This suggests a potential short-term upward movement in MSFT's stock price.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100