Microsoft Corp Quarterly Earnings on Deck

S&P 500 (NYSE:SPY) component Microsoft Corp (NASDAQ:MSFT) will unveil its latest earnings tomorrow, October 20th, 2011. Microsoft develops, licenses, and supports a range of software products and services for a variety of computing devices.

Microsoft Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 68 cents per share, a rise of 9.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 67 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 68 cents during the last month. Analysts are projecting profit to rise by 7.5% versus last year to $2.85.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 69 cents per share against a mean estimate of profit of 58 cents. The company fell in line with estimates in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 6.5% in revenue from the year-earlier quarter to $17.25 billion.

Analyst Ratings: 16 out of 24 analysts surveyed (66.7%) have a buy rating on Microsoft.. This is below the mean analyst rating of 10 competitors, which average 67.1% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 30% to $5.87 billion (68 cents a share) from $4.52 billion (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.3% to $17.37 billion from $16.04 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 13.3% in the third quarter of the last fiscal year from the year earlier, climbed 4.9% in the second quarter of the last fiscal year from the year-ago quarter and 25.3% in the first quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 27.9%. The quarter with the biggest boost was the first quarter of the last fiscal year, which saw a 51.4% surge.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Novell, Inc. (NASDAQ:NOVL), Oracle Corporation (NASDAQ:ORCL), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Yahoo! Inc. (NASDAQ:YHOO), Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE), Intel Corporation (NASDAQ:INTC), and Sony Corporation (NYSE:SNE).

Stock Price Performance: During August 18, 2011 to October 19, 2011, the stock price had risen $2.46 (9.9%) from $24.67 to $27.13. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 19, 2011 when shares rose for seven-straight days, rising 5.7% (+$1.47) over that span. It saw one of its worst periods between April 7, 2011 and April 18, 2011 when shares fell for eight-straight days, falling 4.3% (-$1.11) over that span. Shares are down 78 cents (-2.79%) year to date.

(Source: Xignite Financials)

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