From Nasdaq:

In the latest trading session, Microsoft (MSFT) closed at $396.51, down -0.54%. This was lower than the market as the S&P 500 saw a daily gain of 0.22%, with the Dow adding 0.36% and the Nasdaq gaining 0.32%. In the last month, MSFT’s stock gained 6.43%, exceeding the Computer and Technology sector’s 3.64% and S&P 500’s 1.61% gain.

Investors are eagerly awaiting Microsoft’s earnings report on January 30, 2024. The projected earnings are $2.76 per share, a 18.97% year-over-year growth, and revenue of $61.03 billion, a 15.71% upward movement. Estimates for the entire fiscal year predict earnings of $11.14 per share and revenue of $242.41 billion, positive changes from the prior year.

Analysts’ estimates for Microsoft are closely monitored by the investment community, as any adjustments can reflect the shifting dynamics of short-term business patterns. In the past 30 days, consensus EPS projection for Microsoft has moved 0.12% higher, with the company currently holding a Zacks Rank of #2 (Buy).

Microsoft currently has a Forward P/E ratio of 35.78, which is higher than its industry’s Forward P/E of 33.59. It trades at a PEG ratio of 2.31, compared to the industry’s average of 2.3. The Computer – Software industry has a Zacks Industry Rank of 103, pointing it in the top 41% of all 250+ industries.

To follow MSFT in the coming trading sessions, investors are advised to utilize Zacks.com for the latest recommendations and free stock analysis reports from Zacks Investment Research.



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