Why Microsoft (MSFT) Dipped More Than Broader Market Today
From Nasdaq, Inc.:
The previous trading session ended with Microsoft (MSFT) at $370.87, reflecting a -1.37% shift from the previous day. In the past month, Microsoft has gained 1.87%, lagging behind the Computer and Technology sector’s 4.46% gain and the S&P 500’s 4% gain.
The upcoming earnings release of Microsoft predicts an EPS of $2.75 and revenue of $61.02 billion, indicating a 18.53% growth and 15.69% increase from the year-ago period, respectively.
Recent revisions to analyst estimates show that the Zacks Consensus EPS estimate for Microsoft has moved 0.02% higher. As of now, Microsoft holds a Zacks Rank of #2 (Buy).
MSFT currently has a Forward P/E ratio of 33.79 in comparison to its industry’s average Forward P/E of 32.56. The Computer – Software industry ranks in the bottom 37% of all industries, numbering over 250. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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