Earnings Expectations Analysis: Microsoft & Starbucks
Microsoft Corp. (MSFT)
The company is expected to report adjusted net income of $ 12.4 billion on sales of $ 40.2 billion, or $ 1.64 per share, after the market closed Tuesday, according to a FactSet survey of 29 analysts.
Compared to the same period of the previous year, the company posted $ 10.7 billion in net income or $ 1.51 per share from sales of $ 36.9 billion. The stock has gained 5.5% since the company's last reported earnings report on October 27.
For the next quarter, analysts estimate adjusted net income of $ 12 billion, or $ 1.58 per share, on sales of $ 38.7 billion. Analysts are predicting $ 158.3 billion in revenue for the full year.
Starbucks Corp. (SBUX)
The company is expected to report net income of $ 659 million on sales of $ 6.9 billion, or 55 cents per share, after the market closed Tuesday, according to a FactSet survey of 31 analysts.
Compared to the same period of the previous year, the company posted $ 802.9 million in net income, or $ 1.51 per share, from sales of $ 7.1 billion.
The company presented an estimate of $ 0.50 - $ 0.55 per share on October 30. Since then, Starbucks' shares have gained 20.3 percent.
Analysts forecast net income of $ 704.2 million, or 59 cents per share, for the next quarter from sales of $ 6.7 billion.
Analysts forecast $ 28.5 billion in revenue for the whole year.
Earnings Expectations Analysis: Microsoft & Starbucks
Source:
https://www.investors.com/
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