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.
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.