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Stocks A to Z / Stocks M / Microsoft (MSFT)
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Author: tecmo ⎊  😊 😞
Number: of 31 
Subject: Re: Highlights from Oct 23 earnings call
Date: 12/29/2023 2:51 PM
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Revenue:

$60.4 billion to $61.4 billion: This represents a range of 15% to 16% growth year-over-year.

Lots to be happy about as MSFT shareholder with revenue growth hitting double digits once again after a few quarters of slower growth. It seems plausible that this time next year we could be looking at a TTM run rate of $245B+ of revenue.

EPS growth should run slightly ahead of revenue growth slightly with buy backs helping.

CQ        Revenue             EPS
2024-Q3   $62.09B  (+ 9%)     $3.35 (+12%)    TTM: $11.89
2024-Q2   $61.63B  (+ 9%)     $3.01 (+12%) 
2024-Q1   $58.37B  (+10%)     $2.82 (+15%)
2023-Q4   $60.66B  (+15%)     $2.71 (+17%)

2023-Q3   $56.52B             $2.99
2023-Q2   $56.19B             $2.69
2023-Q1   $52.86B             $2.45
2022-Q4   $52.75B             $2.32
2022-Q3   $50.12B             $2.35

Historically MSFT has traded in a range of 26x to 38x of their TTM EPS. If we take the midpoint of these multiples we get 32x or an implied stock target of $380 this time next year. The business is doing well, but the stock is priced to perfection right now.

tecmo
...

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