MSFT to Release Earnings on July 19
Microsoft (MSFT) is scheduled to release earnings on July 19, 2018, after the market closes, and will hold a conference call at 5:30 PM ET on the same day. The stock currently trades at 105.01, which is 9.6% higherthan the close following its last reported earnings, trading with a range of 92.45 to 106.50 since that time.
Expected Price Volatility
Currently, option traders are expecting a ± 3.5% move for this earnings, and during the previous earnings release, the stock experienced a +1.7% move. Over the last 12 quarters, the absolute average move has been ± 4.0%, with a minimum move of 0.3% and a maximum move of 10.1%. MSFT has only experienced 4 larger-than-expected earnings moves in the last 12 quarters.
Earnings Price Pattern
2 Weeks Before Earnings:For 10 of the last 12 quarters (83%), MSFT stock price has gone up in the 2 weeks before earnings. It has had an average gain of +3.0% during that span.
1 Day Before Earnings:For 10 of the last 12 quarters (83%), the stock price has gone up on the day before earnings. Over that period, it has an average gain of +0.8%.
Earnings Option Strategies
MarketChameleon's option strategy analysis
shows that selling at-the-money puts the day before earnings had 83%
winning occurrences, for an average gain of +53.3%
. Additionally, selling at-the-money straddles resulted in 67%
winning occurrences, for an average return of +10.3%
Analysts are currently expecting MSFT to report an earnings of $1.08 per share, compared to $0.98 for the same quarter last year. Revenue is expected to come in at $29.2 billion versus $24.7 billion for the previous year.
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