Brokerages Expect MicroStrategy Incorporated (NASDAQ:MSTR) Will Post Earnings of -$2.20 Per Share

Equities research analysts expect MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) to post earnings of ($2.20) per share for the current quarter, Zacks reports. Two analysts have made estimates for MicroStrategy’s earnings. MicroStrategy reported earnings of $1.72 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 227.9%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that MicroStrategy will report full-year earnings of ($10.49) per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $3.62 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow MicroStrategy.

MicroStrategy (NASDAQ:MSTRGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($11.92). The company had revenue of $119.28 million for the quarter, compared to analyst estimates of $126.23 million. MicroStrategy had a negative return on equity of 30.40% and a negative net margin of 109.68%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share.

Several equities research analysts have issued reports on MSTR shares. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Thursday, May 12th. Zacks Investment Research downgraded shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 30th. TheStreet downgraded shares of MicroStrategy from a “c-” rating to a “d+” rating in a research report on Monday, May 9th. BTIG Research reiterated a “buy” rating and issued a $950.00 price target on shares of MicroStrategy in a research report on Friday, January 21st. Finally, Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $540.00 to $453.00 in a research report on Wednesday, May 4th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $613.29.

Shares of MSTR stock opened at $202.75 on Friday. The firm has a 50 day moving average price of $392.43 and a two-hundred day moving average price of $490.36. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.81 and a current ratio of 0.81. MicroStrategy has a 12-month low of $134.09 and a 12-month high of $891.38.

In related news, Director Leslie J. Rechan acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average price of $204.42 per share, for a total transaction of $408,840.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $408,840. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy Edwin Lang acquired 2,500 shares of the stock in a transaction dated Wednesday, May 11th. The stock was bought at an average cost of $200.00 per share, with a total value of $500,000.00. Following the completion of the purchase, the executive vice president now owns 2,708 shares of the company’s stock, valued at $541,600. The disclosure for this purchase can be found here. Insiders own 22.59% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. Voya Investment Management LLC grew its stake in shares of MicroStrategy by 0.4% in the third quarter. Voya Investment Management LLC now owns 4,390 shares of the software maker’s stock worth $2,539,000 after purchasing an additional 16 shares during the last quarter. IHT Wealth Management LLC raised its stake in MicroStrategy by 7.9% during the 4th quarter. IHT Wealth Management LLC now owns 423 shares of the software maker’s stock valued at $230,000 after buying an additional 31 shares during the last quarter. Xponance Inc. increased its stake in shares of MicroStrategy by 8.7% in the 4th quarter. Xponance Inc. now owns 400 shares of the software maker’s stock worth $218,000 after purchasing an additional 32 shares in the last quarter. Sterling Investment Advisors Ltd. increased its stake in shares of MicroStrategy by 16.4% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 248 shares of the software maker’s stock worth $121,000 after purchasing an additional 35 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of MicroStrategy by 0.7% in the 4th quarter. D.A. Davidson & CO. now owns 6,233 shares of the software maker’s stock worth $3,394,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 52.87% of the company’s stock.

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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