Microsoft closes down 0.15% from previous trading session

by Jonathan Adams
Microsoft

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).



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