Microsoft Corporation is a leading global technology provider and a dominant force in the PC software market, holding over 73% of the market share for desktop operating systems. This makes it a worthwhile stock to consider for your portfolio. Since being added to the Zacks Focus List in 2016, Microsoft’s stock price has surged by 672.41%, reflecting its strong performance and growth potential.
Analysts have revised their earnings estimates upwards for Microsoft, with the company boasting an average earnings surprise of 8.8%. For fiscal 2024, one analyst raised their earnings estimate, leading to an increase in the Zacks Consensus Estimate to $11.61. The company is expected to see earnings growth of 18.4% for the current fiscal year, indicating a positive outlook for investors.
Investing in stocks with rising earnings estimates can be lucrative, as these companies are likely to experience price momentum. Stocks like Microsoft, included in the Zacks Focus List, present investors with an opportunity to capitalize on potential future earnings revisions. If you’re looking for investment recommendations, consider downloading the 7 Best Stocks for the Next 30 Days from Zacks Investment Research.
Embarking on an investment journey can evoke a mix of excitement and fear, especially for beginners who may feel overwhelmed by the process. However, identifying stocks that are likely to outperform the market in the coming year can provide a solid starting point for any investor.
One such stock worth considering is Microsoft Corporation.
As a leading global technology provider and a dominant force in the PC software market, holding over 73% of
