Microsoft closes down 0.15% from previous trading session

by Jonathan Adams

This move was narrower than the S&P 500’s daily loss of 1.18%, meanwhile the Dow lost 1.34%, and the Nasdaq lost 0.92%

Microsoft Corporation finished the most recent trading day at $330.08, moving -0.15% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 1.18%. Meanwhile, the Dow lost 1.34%, and the Nasdaq lost 0.92%.

Shares of the software maker had lost 0.76% in the past month. In that same time, the Computer and Technology sector gained 0.24%, while the S&P 500 declined 0.73%.

Wall Street will be looking for positivity from Microsoft as it approaches its next earnings report date. In that report, analysts expect Microsoft to post earnings of $2.28 per share. This would mark year-over-year (YOY) growth of 12.32%. Meanwhile, Zacks latest consensus estimate is calling for revenue of $50.32 billion, up 16.82% from the prior-year quarter.

For the full year, Zacks Consensus Estimates are projecting earnings of $9.16 per share and revenue of $194.98 billion, which would represent changes of +14.93% and +16%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Microsoft. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, Zacks can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on research, Zacks believes these estimate revisions are directly related to near-team stock moves.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% lower within the past month. Microsoft currently has a Zacks Rank of #3 (Hold).

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
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