Microsoft (MSFT) - Reports after the close, Thursday, Apr. 25
Wall Street expects Microsoft to earn $1.00 per share on revenue of $29.84 billion. This compares to the year-ago quarter when earning were 95 cents per share on $26.82 billion in revenue.
What to watch: Shares of Microsoft have risen nearly 13% over the past three weeks, suggesting Wall Street is all in on the company’s long-term growth prospects, thanks to the company’s strength in its Commercial Cloud business. The company’s growth narrative is closely tied to its Azure Cloud platform, which competes with Amazon’s AWS. UBS analyst Jennifer Swanson Lowe, who has a $125 price target on the stock, remains optimistic on Microsoft heading into the quarter, anticipating commercial cloud revenue growth of 39% on the back of 66% growth in Azure and 26% revenue growth in Office 365 Commercial. On Wednesday investors will look to see if these growth trends can continue.