Microsoft Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Author: Avi Kapoor | April 25, 2024 09:37am

Microsoft Corporation (NASDAQ:MSFT) is expected to release earnings results for its third quarter, after the closing bell on April 25, 2024.

Analysts expect the Redmond, Washington-based company to report quarterly earnings at $2.82 per share, up from $2.45 per share in the year-ago quarter. Microsoft is projected to report quarterly revenue of $60.8 billion, according to data from Benzinga Pro.

Microsoft recently launched Phi-3 Mini, a lightweight AI model with 3.8 billion parameters, the smallest in its Phi series.

Microsoft shares rose 0.4% to close at $409.06 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Stifel analyst Brad Reback maintained a Buy rating with a price target of $455 on April 22. This analyst has an accuracy rate of 73%.
• BMO Capital analyst Keith Bachman maintained an Outperform rating and raised the price target from $455 to $465 on April 12. This analyst has an accuracy rate of 77%.
• Morgan Stanley analyst Keith Weiss maintained an Overweight rating and increased the price target from $465 to $520 on April 11. This analyst has an accuracy rate of 77%.
• UBS analyst Karl Keirstead maintained a Buy rating with a price target of $480 on April 10. This analyst has an accuracy rate of 74%.
• Jefferies analyst Brent Thill maintained a Buy rating and increased the price target from $465 to $550 on April 1. This analyst has an accuracy rate of 78%.

Read This Next: Over $1M Bet On Citi Trends? Check Out These 3 Stocks Insiders Are Buying

Posted In: MSFT