$129.28 Million in Sales Expected for MicroStrategy Incorporated (MSTR) This Quarter
Equities analysts expect MicroStrategy Incorporated (NASDAQ:MSTR) to announce sales of $129.28 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for MicroStrategy’s earnings. The highest sales estimate is $132.57 million and the lowest is $125.98 million. MicroStrategy reported sales of $129.90 million during the same quarter last year, which indicates a negative year over year growth rate of 0.5%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that MicroStrategy will report full year sales of $129.28 million for the current fiscal year, with estimates ranging from $503.49 million to $528.45 million. For the next financial year, analysts forecast that the business will post sales of $549.09 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow MicroStrategy.
MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.60 by $0.64. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The business had revenue of $120.61 million for the quarter, compared to analyst estimates of $125.18 million. During the same period in the prior year, the firm posted $1.64 EPS. MicroStrategy’s revenue for the quarter was down 2.1% on a year-over-year basis.
A number of equities analysts recently commented on MSTR shares. Zacks Investment Research cut MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. BidaskClub upgraded MicroStrategy from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Deutsche Bank AG cut MicroStrategy from a “buy” rating to a “hold” rating and reduced their price target for the stock from $220.00 to $180.00 in a report on Friday, July 28th. Finally, First Analysis cut MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $225.00 to $140.00 in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. MicroStrategy has a consensus rating of “Hold” and a consensus target price of $191.00.
Hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC lifted its position in MicroStrategy by 83.3% during the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock worth $101,000 after acquiring an additional 240 shares during the last quarter. SG Americas Securities LLC acquired a new stake in MicroStrategy during the first quarter worth approximately $120,000. ETF Managers Group LLC acquired a new stake in MicroStrategy during the second quarter worth approximately $127,000. Ameritas Investment Partners Inc. acquired a new stake in MicroStrategy during the first quarter worth approximately $154,000. Finally, Riverhead Capital Management LLC lifted its position in MicroStrategy by 108.3% during the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock worth $160,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.
MicroStrategy (MSTR) opened at 128.25 on Friday. The company’s 50 day moving average price is $138.23 and its 200 day moving average price is $174.73. MicroStrategy has a 52-week low of $123.36 and a 52-week high of $207.28. The firm has a market cap of $1.47 billion, a PE ratio of 17.71 and a beta of 0.86.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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