Microsoft's Earnings and Shares Surge
- Shares have increased by 675.1% since February 2016
- Sales estimate for current quarter is $64.16 billion
- Earnings per share expected to be $2.90
Microsoft Corporation, a leading global technology provider, is projected to report earnings of $2.90 per share for the current quarter, marking a year-over-year change of +7.8%. The earnings estimate for the current fiscal year is $11.77, indicating a year-over-year change of +20%. This estimate has seen a +1.4% change over the last 30 days. For the next fiscal year, the earnings estimate is $13.18, a change of +12% from the previous year.
Microsoft, which holds over 73% of the desktop operating systems market share, has seen its shares increase by 675.1% since February 1, 2016, when they were valued at $55.09 per share. The shares are now valued at $427.
The sales estimate for the current quarter is $64.16 billion, a year-over-year change of +14.2%. The sales estimates for the current and next fiscal years are $244.41 billion and $278.17 billion, indicating changes of +15.3% and +13.8% respectively.
In the last 60 days, 14 analysts have revised their earnings estimate higher for fiscal 2024. The earnings for Microsoft are forecasted to see growth of 20% for the current fiscal year.