Microsoft Set to Report Fiscal Q3 ’24 Earnings: Analyst Expectations and Market Outlook

Microsoft (MSFT) is scheduled to release its fiscal Q3 ’24 financial results on April 25th, 2024, after market close. Analysts predict $2.82 in EPS, $26.2 billion in operating income, and $60.8 billion in revenue, reflecting growth of 15%, 17%, and 15% year-over-year, respectively. Microsoft’s valuation remains a concern, with its current trading value at 30x expected ’24 EPS. While Microsoft has historically exceeded analyst expectations, the recent performance of Meta and IBM suggests that the Street may hold Microsoft to a high standard in these earnings. The increasing impact of AI on Microsoft’s Azure segment is a key area of interest for investors. Overall, the market will be watching Microsoft’s results closely, with both potential upside and downside risks based on the company’s execution and guidance.

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