Microsoft Corp. (NASDAQ:MSFT) headlines what one analyst is calling “the biggest earnings day ever,” with four members of the Magnificent 7 reporting after Wednesday’s closing bell. 

MSFT stock is moving ahead of earnings. See the price action here. 

Heading into the print, Microsoft is one of the laggards of the group. Shares have fallen roughly 22% from their 52-week high of $555.45, leaving the software giant with ground to make up against its mega-cap peers.

What Wall Street Expects

For its fiscal third quarter, Microsoft is expected to report:

Earnings per share: $4.06

Revenue: $81.36 billion

That’s according to consensus estimates compiled by Benzinga Pro and would represent year-over-year growth of 17.6% and 16.2%, respectively. 

The Big Picture: Four Mag 7 Names In One Night

“It’s the biggest earnings day ever. Four of the Mag 7 stocks are reporting on Wednesday. And Microsoft is near the bottom of the group. It’s down 22% from its 52-week high,” Stephen Callahan, trading behavior specialist at Firstrade, told Benzinga.

With Microsoft, Meta Platforms (NASDAQ:META), Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Amazon.com Inc.