Microsoft Corporation (NASDAQ:MSFT) is set to announce first quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MSFT to report 1Q21 income of $ 1.54 per share.
For the full year, analysts anticipate top line of $ 156838.00 million, while looking forward to income of $ 6.45 per share bottom line.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 35,150.00 million ~ $ 36,050.00 million
Click Here For More Historical Outlooks Of Microsoft Corporation
Previous Quarter Performance
Microsoft Corporation announced income for the fourth quarter of $ 1.46 per share, from the revenue of $ 38,033.00 million. The quarterly earnings escalated 6.57 percent while revenues increased 12.80 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.37 per share from $ 36497.40 million in revenue. The bottom line results beat street analysts by $ 0.09 or 6.57 percent, at the same time, top line results outshined analysts by $ 1,535.60 million or 4.21 percent.
Stock Performance
Shares of Microsoft Corporation traded up $ 1.34 or 0.62 percent on Friday, reaching $ 216.23 with volume of 18.88 million shares. Microsoft Corporation has traded high as $ 216.28 and has cracked $ 213.16 on the downward trend
According to the previous trading day, closing price of $ 216.23, representing a 62.16 % increase from the 52 week low of $ 132.52 and a 7.72 % decrease over the 52 week high of $ 232.86.
The company has a market capital of $ 1,635.31 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by UBS Group at Buy rating, with $ 243.00 target price.
- On 13th October 2020, maintained by RBC Capital at Outperform rating, with $ 250.00 target price.
- On 9th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 245.00 target price.
Conference Call
Microsoft Corporation will be hosting a conference call at 5:30 PM eastern time on 27th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.microsoft.com
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The companys Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); and Skype, Outlook.com, and OneDrive. It also provides LinkedIn that includes Talent and marketing solutions, and subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
