Microsoft 'In Unique Position To Scale Gen-AI Revenue,' Goldman Sachs Says Ahead Of Q3 Earnings
Microsoft 'In Unique Position To Scale Gen-AI Revenue,' Goldman Sachs Says Ahead Of Q3 Earnings
Microsoft Corp. (NYSE:MSFT) will report its fiscal Q3 2024 earnings Thursday, after market close, marking the most pivotal earnings report for the week.
微軟公司（紐約證券交易所代碼：MSFT）將於週四收盤後公佈其2024年第三財季業績，這是本週最重要的收益報告。
The world's largest corporation has a market of nearly $3 trillion and is currently "in a unique position to scale Gen-AI revenue without structural changes to its profitability profile" according to Goldman Sachs analysts Kash Rangan and Henry Dane.
高盛分析師卡什·蘭根和亨利·戴恩表示，這家全球最大的公司的市場規模接近3萬億美元，目前 “處於在不改變盈利狀況的情況下擴大Gen-AI收入的獨特地位”。
Microsoft Earnings Preview: What Do Analysts Expect?
微軟收益預覽：分析師預期什麼？
- Consensus among Wall Street analysts indicates that Microsoft is expected to report earnings per share of $2.83 and revenue of $60.769 billion, according to data derived from Benzinga Pro platform.
- The average revenue is projected to increase by 15.1% year-on-year, with a slight easing of 1.9% compared to the previous quarter.
- Earnings are anticipated to grow at a pace of 15.98% compared to the same quarter of last year, with a decrease of 3% compared to the previous quarter.
- Microsoft has consistently outperformed Wall Street's earnings expectations in its last six reports and has surpassed revenue forecasts in five of those instances.
- The 12-month average price target is currently set at $478, suggesting an 18% stock upside from current market levels.
- 根據Benzinga Pro平台的數據，華爾街分析師的共識表明，微軟預計將公佈每股收益2.83美元，收入爲607.69億美元。
- 預計平均收入將同比增長15.1％，與上一季度相比略有下降1.9％。
- 與去年同期相比，收益預計將以15.98％的速度增長，與上一季度相比下降3％。
- 微軟在過去的六份報告中一直超過華爾街的盈利預期，並且在其中五份報告中都超過了收入預期。
- 12個月的平均目標股價目前定爲478美元，表明股票較當前市場水平上漲18％。
Here Is A Breakdown Of Analyst Estimates
以下是分析師估計的明細
| Measure | Estimate Low to High Range | Average | YoY Chg % | QoQ Chg % |
| Sales | $60.27B – $62.06B | $ 60.769B | 15.14% | -1.87% |
| EPS | 2.78 – 3.18 | 2.83 | 15.98% | -3.02% |
| 測量 | 估計從低到高的範圍 | 平均值 | 同比增長百分比 | QoQ Chg% |
| 銷售 | 60.27億美元 — 620.6億美元 | 60.769 億美元 | 15.14% | -1.87% |
| EPS | 2.78 — 3.18 | 2.83 | 15.98% | -3.02% |
Goldman Sachs' Take
高盛的看法
"Microsoft is well poised to execute against its estimates for +15% revenue growth, 28% Azure growth, and earnings per shares of $2.87," Goldman Sachs wrote.
高盛寫道：“微軟已經做好了執行其收入增長+15％、Azure增長28％和每股收益2.87美元的預期。”
The tech giant is likely to expand due to the growing demand for new tech projects and its focus on improving productivity, even as budgets in IT may tighten, according to Goldman Sachs.
高盛表示，儘管IT領域的預算可能會收緊，但由於對新技術項目的需求不斷增長以及其專注於提高生產率，這家科技巨頭可能會擴張。
Microsoft's Azure platform is expected to benefit from significant AI-driven workloads, efforts to improve efficiency, and the quick redeployment of cost savings.
微軟的Azure平台預計將受益於人工智能驅動的大量工作負載、提高效率的努力以及節省成本的快速部署。
"We believe Microsoft is one of the most compelling investment opportunities in the technology industry and across sectors," analyst wrote.
分析師寫道：“我們認爲微軟是科技行業和各行各業中最具吸引力的投資機會之一。”
Goldman Sachs holds a "Buy" rating with a 12-month price target of $450.
高盛保持 “買入” 評級，12個月的目標股價爲450美元。
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