Microsoft's Earnings and Shares Surge
- Microsoft's earnings per share expected to rise by 15.9%
- Share price has increased by 671.86% since 2016
Microsoft Corporation, a leading global technology provider, is projected to report earnings of $2.84 per share for the current quarter, marking a +15.9% change from the same quarter last year. The earnings estimate for the current fiscal year is $11.63, suggesting a +18.6% change from the previous year. For the upcoming fiscal year, the earnings estimate of $13.15 represents a +13.1% change from the expected report a year ago.
The company holds a commanding position in the PC software market, with over 73% of the desktop operating system market share. Since February 1, 2016, when the share price was $55.09, the shares have seen a significant increase of 671.86% to $425.22.
In the past 60 days, 17 analysts have revised their earnings estimate higher for fiscal 2024, with the estimate increasing by $0.49 to $11.63. Microsoft has an average earnings surprise of 8.8%.
Over the past three months, the full-year earnings estimate for Microsoft has risen by 4.5%, suggesting an improving earnings outlook. On a year-to-date basis, Microsoft has seen about a 13.1% increase, outperforming the average gain of approximately 11.6% in the Computer and Technology group.