$121.90 Million in Sales Expected for MicroStrategy Incorporated (NASDAQ:MSTR) This Quarter

Analysts predict that MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) will post $121.90 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for MicroStrategy’s earnings, with estimates ranging from $121.70 million to $122.10 million. MicroStrategy posted sales of $125.35 million during the same quarter last year, which suggests a negative year over year growth rate of 2.8%. The company is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that MicroStrategy will report full-year sales of $506.70 million for the current year, with estimates ranging from $498.00 million to $515.40 million. For the next financial year, analysts expect that the firm will post sales of $533.95 million, with estimates ranging from $526.20 million to $541.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for MicroStrategy.

MicroStrategy (NASDAQ:MSTRGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($11.92). The firm 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 earnings per share.

Several brokerages have recently weighed in on MSTR. Canaccord Genuity Group decreased their price target on MicroStrategy from $540.00 to $453.00 in a research report on Wednesday, May 4th. Zacks Investment Research downgraded MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 30th. StockNews.com upgraded MicroStrategy to a “sell” rating in a report on Thursday, May 12th. Finally, TheStreet downgraded MicroStrategy from a “c-” rating to a “d+” rating in a report on Monday, May 9th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $613.29.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors grew its position in MicroStrategy by 366.7% in the fourth quarter. Capital World Investors now owns 587,996 shares of the software maker’s stock worth $320,158,000 after buying an additional 461,996 shares during the last quarter. Capital International Investors lifted its stake in shares of MicroStrategy by 27.4% in the 4th quarter. Capital International Investors now owns 1,338,625 shares of the software maker’s stock valued at $728,868,000 after purchasing an additional 288,104 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of MicroStrategy by 36.4% in the 1st quarter. Vanguard Group Inc. now owns 888,222 shares of the software maker’s stock valued at $431,960,000 after purchasing an additional 237,109 shares during the last quarter. Norges Bank acquired a new stake in shares of MicroStrategy in the 4th quarter valued at $55,352,000. Finally, Renaissance Technologies LLC acquired a new position in MicroStrategy during the 1st quarter worth $41,969,000. 52.87% of the stock is currently owned by institutional investors.

MSTR opened at $202.75 on Monday. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -3.73 and a beta of 1.72. The firm’s fifty day moving average price is $389.08 and its two-hundred day moving average price is $483.98. MicroStrategy has a 1 year low of $134.09 and a 1 year high of $891.38.

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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Earnings History and Estimates for MicroStrategy (NASDAQ:MSTR)

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