Microsoft Corporation Common Stock Earnings Report Preview
Goldman Sachs: Microsoft Well Positioned for Growth
Microsoft Corporation (MSFT) is expected to report earnings on April 25, 2024, after market close. The report will be for the fiscal quarter ending March 31, 2024. Goldman Sachs analyst Kash Rangan has a Buy rating on MSFT and a price target of $320. Rangan believes that Microsoft is well positioned to execute against its estimates for 15% revenue growth and 28% Azure growth.
Key Factors to Watch
There are a few key factors that investors will be watching in Microsoft's upcoming earnings report:
- Revenue growth: Microsoft's revenue growth has been slowing in recent quarters, so investors will be looking for signs of improvement in this area.
- Azure growth: Azure is Microsoft's cloud computing platform, and it has been a key driver of growth for the company in recent years. Investors will be looking for continued strong growth from Azure.
- Earnings per share: Microsoft's earnings per share are expected to rise by 15% in the upcoming report. Investors will be looking for confirmation of this estimate.
Outlook for the Full Year
For the full year ending June 30, 2024, analysts are expecting Microsoft to report earnings per share of $11.27, which would represent a 15% increase over the previous year. Revenue is expected to reach $243.48 billion, which would be a 13% increase over the previous year.
Conclusion
Microsoft Corporation is a leading technology company with a strong track record of growth. The company is expected to report solid earnings in its upcoming report, and analysts are optimistic about its prospects for the full year. Investors will be looking for confirmation of this optimism when Microsoft reports earnings on April 25, 2024.
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