Surging

Microsoft ETFs to Watch on Surging Cloud Ahead of Q3 Earnings

Microsoft MSFT is set to release fiscal third-quarter 2020 results on Apr 29 after market close. Being the world’s largest software maker, it is worth taking a look at the company’s fundamentals ahead of its results.

Over the past three months, the stock has gained 5.2% outperforming the industry, which has shed nearly 8%. The outperformance is expected to continue if the software leader beats estimates (see: all the Technology ETFs here).

Inside Our Methodology

Microsoft has a Zacks Rank #3 (Hold) and an Earnings ESP of -0.81%. According to our surprise prediction methodology, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The stock saw negative earnings estimate revision of a couple of cents for

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