Goldman On Microsoft Ahead Of Q3 Results: The Song Remains The Same

Geek Speak

Monica Gerson , Benzinga Staff Writer 



Microsoft Corporation is scheduled to report its F3Q16 results on April 21. Goldman Sachs’ Heather Bellini maintained a Neutral rating for the company, with a price target of $57.

Analyst Heather Bellini expects Microsoft to report its F3Q16 revenue at $22.1bn, representing 2 percent y/y growth, and in-line with consensus expectations. The company is likely to report non-GAAP EPS of $0.64, in-line with the Street.

Bellini has modelled a negative currency impact of about 350bps to Microsoft’s F3Q16 revenue, which is about 50bps less than the company’s guidance of around 400bps.

Looking Ahead

The analyst expects Microsoft’s F4Q16 revenue at $22.1bn, flat y/y, and non-GAAP EPS at $0.59. Both these are below the consensus expectation of revenue of $23.1bn, representing 4 percent y/y growth, and an EPS of $0.67.

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