Softy (MSFT Earnings)
MSFT is scheduled to report June qtr earnings after the close today.
Consensus estimates are for $55.5 bln in revenue (up 7% Y/Y) and EPS of $2.55.
For the September qtr, analysts expect a 10% rise in earnings to $55 billion, with $2.61 per share. For 2024, total earnings could grow 11%.
Investors are keen on Microsoft's Azure/AI and their financial goals for 2024.
There will also be talks on Microsoft's new AI service, 365 Copilot, and their spending plans for 2024, which could reach as high as $45 billion, according to some investors.
TECHS:
MSFT is up 45% YTD and is currently trading at 31x 2024 consensus EPS estimates.
The options market is currently pricing in a move of 5%.
If you liked this content please click the ❤️ below and/or share this post.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2022 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.