Microsoft Stock Underperforms Despite Upcoming Earnings Release
• Microsoft (MSFT) stock dipped 1.37% despite broader market only falling 0.57%, underperforming the S&P 500 • Upcoming Microsoft earnings release will be closely watched - EPS estimate of $2.75 (up 18.53% year-over-year) and revenue estimate of $61.02 billion (up 15.69%) • Recent analyst estimate revisions for Microsoft reflect positive near-term business trends • Microsoft currently has a Zacks Rank of #2 (Buy) and trades at a premium valuation compared to computer software industry averages • Computer software industry ranks in bottom 37% of all industries based on Zacks Industry Rank, with top 50% outperforming bottom 50%