Microsoft Earnings Preview
Fiona Cincotta January 28, 2020 4:48 PM
Wall Street is bracing itself for another strong quarter from the tech giant.
Wednesday 29th January after market close
- Revenue $35.69 billion +9.9%
- EPS $1.32 +20%
Microsoft has benefited greatly from its cloud business Azure. In the most recent quarter, Microsoft reported a strong 59% yoy increase in revenue. Traders will be watching closely to Azure’s performance in Q2 of 2020 to see whether this growth can be maintained? Expectations are for a deceleration of growth in the segment in line with the broader trend:
Q3 2019 75%
Q4 2019 68%
Q1 2020 59%
Q2 2020 53% exp.
According to FactSet data among 35 analysts covering Microsoft stock, 33 have a buy rating, 2 have hold and 0 have sell.
Microsoft trades above its 50, 100 & 200 sma in a bullish chart. Whilst it tested the 50 sma earlier this week, a rebound in the price means it is currently around 2% above the 50 sma.
Immediate support can be seen at yesterday’s low $160. Whilst resistance can be seen at the all-time high of $168.19.
Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.