MicroStrategy Incorporated (NASDAQ:MSTR) Expected to Announce Quarterly Sales of $126.95 Million

Equities research analysts expect MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) to post sales of $126.95 million for the current quarter, according to Zacks. Two analysts have issued estimates for MicroStrategy’s earnings, with estimates ranging from $125.80 million to $128.10 million. MicroStrategy reported sales of $122.90 million in the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that MicroStrategy will report full year sales of $533.70 million for the current year, with estimates ranging from $528.70 million to $538.70 million. For the next year, analysts forecast that the business will post sales of $565.95 million, with estimates ranging from $563.10 million to $568.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for MicroStrategy.

MicroStrategy (NASDAQ:MSTRGet Rating) last posted its earnings results on Tuesday, February 1st. The software maker reported ($8.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($9.99). MicroStrategy had a negative return on equity of 11.29% and a negative net margin of 104.84%. The firm had revenue of $134.52 million for the quarter, compared to analyst estimates of $133.20 million. During the same period in the prior year, the business posted $1.87 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year.

MSTR has been the subject of a number of analyst reports. Jefferies Financial Group dropped their price target on MicroStrategy from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Thursday, January 6th. BTIG Research reaffirmed a “buy” rating and issued a $950.00 price target on shares of MicroStrategy in a research note on Friday, January 21st. Finally, Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $640.00.

Shares of MSTR traded down $3.30 during midday trading on Monday, reaching $445.89. 249,889 shares of the stock were exchanged, compared to its average volume of 495,285. The company has a market cap of $5.03 billion, a P/E ratio of -8.23 and a beta of 1.62. The stock’s 50 day simple moving average is $439.26 and its 200 day simple moving average is $550.08. MicroStrategy has a twelve month low of $307.19 and a twelve month high of $891.38. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.20.

Hedge funds and other institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. raised its stake in MicroStrategy by 2,317.8% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the software maker’s stock worth $25,000 after acquiring an additional 23,966 shares in the last quarter. Toronto Dominion Bank acquired a new position in MicroStrategy during the third quarter worth about $27,000. Spire Wealth Management raised its stake in MicroStrategy by 728.6% during the fourth quarter. Spire Wealth Management now owns 58 shares of the software maker’s stock worth $32,000 after acquiring an additional 51 shares in the last quarter. Sittner & Nelson LLC acquired a new position in MicroStrategy during the fourth quarter worth about $38,000. Finally, Monolith Advisors acquired a new position in MicroStrategy during the fourth quarter worth about $38,000. 54.45% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Company Profile (Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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