Microsoft stock closed at $409.44, down 1.85%, but analysts expect strong earnings.

From Nasdaq: 2024-09-03 17:45:20

Microsoft (MSFT) closed trading at $409.44, down 1.85%. This was higher than the S&P 500’s 2.12% loss. Analysts expect Microsoft to post earnings of $3.09 per share with revenue of $64.45 billion. Zacks Consensus Estimates forecast year-end earnings of $13.04 per share and revenue of $277.39 billion, up 10.51% and 13.16%, respectively, compared to the previous year.

Investors should know Microsoft’s Forward P/E ratio is 32, higher than the industry average of 31.63. The stock also has a PEG ratio of 2.11 compared to the industry’s 2.4. The Computer – Software industry has a Zacks Industry Rank of 49, placing it in the top 20% of all industries. The Zacks Industry Rank shows that top-rated industries outperform the bottom half 2 to 1.

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Read more at Nasdaq: Microsoft (MSFT) Stock Moves -1.85%: What You Should Know