No. of Recommendations: 3
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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