Microsoft (MSFT) is set to report Q3 (Mar) results today after the close with a call to follow at 5:30pm ET.
The CapitalIQ consensus estimate for non-GAAP EPS is to grow 13% yr/yr to $2.20 and for revenue to grow 18% yr/yr to $49.05 bln.
MSFT typically releases results first in 8-K then on website.
MSFT tends to be very consistent with 23 EPS beats in a row, including double digit EPS beats in each of the past six quarters.
TECHS:
MSFT has seen a sizable pullback since the start of 2022. This is mainly the rotation out of tech with rates rising. That being said, the consistency of MSFT does it a disservice going into the print as expectations are high. On a technical basis, the stock is in a massive head and shoulders pattern.
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