Software Earnings Calls To Watch Thursday: Salesforce And Intuit

salesforce.com, inc. CRM and Intuit Inc. INTU are scheduled to report their quarterly financial results on Thursday afternoon after the market closes. Below is a look at what the Street, the crowd and management are expecting from the earnings calls.

Salesforce

According to Estimize, Salesforce is expected to deliver its best quarter in more than two years. Management guided for earnings of $0.18 per share on revenue of $1.595 billion. The Street and the crowd are modeling consensus earnings in line with guidance on sales of $1.599 billion and $1.604 billion, respectively.

These figures compare to the earnings of $0.13 per share on revenue of $1.32 billion reported in the same quarter last year and to earnings of $0.16 per share on sales of $1.511 billion registered last quarter.

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In addition, it should be noted from the chart above that the company has a history of surpassing estimates and guidance.

Related Link: MKM Counting On 'Solid' Q2 Billings From Salesforce; Sees 'Return Of M&A A Possibility'

In a recent report, MKM also previewed the results. The firm is modeling earnings of $0.17 per share on revenue of $1.599 billion.

Intuit

Intuit, for its part, is expected to deliver its worst quarter in terms of earnings since at least 2010. Management guided for a net loss of ($0.11) per share on revenue of $732.5 millio, versus a net loss of ($0.01) per share on revenue of $714 million reported a year ago.

It should be noted, however, that Intuit’s profitability relies mostly on its third-quarter results. In the latest fiscal third quarter, the company retrieved earnings of $2.85 per share on revenue of $2.194 billion.

For the fourth quarter of the year, to be reported on Thursday, the Street is modeling a consensus net loss in line with guidance on slightly higher revenue of $739.86 million. The crowd is marginally less bearish and projects a net loss of ($0.10) per share on sales of $740.75 million.