Will Cloud Drive Microsoft Fiscal Q4 Earnings? ETFs to Watch
Microsoft MSFT is set to release fiscal fourth-quarter 2020 results on Jul 22 after market close. Being the world’s largest software maker, it is worth taking a look at the company’s fundamentals ahead of its results.
Over the past three months, the stock has gained 26.1%, underperforming the industry growth of 28.6%. The solid run is expected to continue if the software leader beats estimates (see: all the Technology ETFs here).
Inside Our Methodology
Microsoft has a Zacks Rank #3 (Hold) and an Earnings ESP of -4.65%. According to our surprise prediction methodology, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The stock saw negative earnings estimate revision of a penny for the fiscal fourth
