From Nasdaq:

In the latest trading session, Microsoft (MSFT) closed at $390.27, up 0.46% from the previous day. This is against the S&P 500’s 0.37% loss, with the Dow and the Nasdaq losing 0.62% and 0.19% respectively. The stock of the software maker has risen by 4.25% in the past month.

Investors await Microsoft’s upcoming earnings disclosure, which is forecasted to show an EPS of $2.75, up 18.53% from the previous year. The consensus estimate is revenue of $61.03 billion, a 15.71% increase from the same quarter last year. The Zacks Consensus Estimates forecast earnings of $11.14 per share and revenue of $242.41 billion for the entire year, projecting an increase of 13.56% and 14.39% respectively.

Analyst estimates for Microsoft could provide insights into short-term business trends. Positive estimate revisions could indicate favorable business outlook. Analysis suggests that estimate changes relate to future stock price performance, highlighting the potential value of using the Zacks Rank. This model has a successful track record, with a 0.09% increase in the Zacks Consensus EPS estimate over the past month. Microsoft is currently ranked at #3 (Hold).

Microsoft’s present Forward P/E ratio sits at 34.87. Although the industry average is lower at 33.09, Microsoft’s PEG ratio of 2.26 suggests it may be trading at a premium. The Computer – Software industry’s average PEG ratio is 2.24, with the Computer – Software industry ranking in the top 42% of all industries based on the Zacks Industry Rank.

Zacks has released its top 10 stocks for 2024, offering hand-picked stocks with enormous potential, based on the impressive track record of over 900% gains since 2012. Interested investors can access the latest Zacks Investment Research recommendations and the Free Stock Analysis Report for Microsoft Corporation (MSFT) immediately.



Read more: Microsoft (MSFT) Gains As Market Dips: What You Should Know