Microsoft, one of the Big Four in the US tech industry, is scheduled to report its earnings data for the fourth fiscal quarter later today. The release of the earnings numbers and the subsequent press conference is expected to take place after today's market close.
Interestingly, the Earnings Per Share forecasts were downwardly revised over the last few days. The initial market expectations projected an EPS of $1.39, which was subsequently decreased to $1.38. Even though this change does not represent a huge difference, the fact that it was made at all signifies the continually shifting outlooks of investors.
If these expectations are realised, this would mean that Microsoft would have managed to outperform itself on a yearly basis. The software giant reported EPS of $1.37 for the same period last year. This would be an especially remarkable achievement given the nature of the coronavirus crisis, and the significant changes that were prompted by it.
The underlying results of the company's cloud segment are going to represent a key determinant of Microsoft's ultimate performance. As the software giant's CEO Satya Nadella pointed out in the previous quarterly statement:
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