MicroStrategy released updated, contradictory earnings per share (EPS) guidance for fiscal year 2025 on Friday. Reports cited two distinct figures: a range of -$17.00 to $19.00 per share and a separate figure of $80.00. This compares to a consensus estimate of $17.15. The conflicting data leaves the company’s financial outlook unclear, despite MicroStrategy recently beating quarterly earnings estimates.
The confusing guidance accompanied analyst commentary suggesting MicroStrategy is more of a "sell than a hold." Analysts cited a diminished correlation with Bitcoin and elevated downside risk as reasons for the negative outlook.
This uncertainty follows a period of bearish sentiment initiated when the company cut its 2025 forecast in December. That previous cut cited a weak run in Bitcoin. While the broader crypto market shows signs of stabilization and Citi issued a bullish long-term forecast, the uncertainty surrounding MSTR’s projections remains the dominant company-specific news.