Microsoft Stock Slips Despite Broader Market Gains; Analysts Cautious Despite Strong Growth Forecasts
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Microsoft (MSFT) stock closed down 0.78% while the broader market was up.
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MSFT shares have gained 1.23% over the past month, underperforming the tech sector.
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Analysts estimate MSFT will report 18.53% EPS growth and 15.68% revenue growth in the upcoming quarterly earnings.
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For the full year, forecasts call for 13.46% EPS growth and 14.32% revenue growth.
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MSFT currently sports a Zacks Rank of #3 (Hold) and trades at a forward P/E ratio of 33.63, a premium to its industry average of 30.62.