Tibco Software Earnings Preview
December 20, 2011 8:38 PM
Tibco Software (Nasdaq: TIBX), the maker of infrastructure software, reports fiscal fourth-quarter earnings after the close on Thursday and analysts are expecting a profit of 30 cents a share on revenue of $281.3 million. The revenue number would be an almost 17% increase from the year earlier quarter and EPS estimates currently range from 29 cents to 31 cents a share.
Tibco's profit has risen year over year by an average of 42.7% over the past five quarters and the company has beaten Wall Street estimates for three straight quarters, according to Motley Fool. The average price target on the stock is $28.23, nearly $5 above where the stock closed on Tuesday.
The company has seen double-digit revenue growth in the past four quarters, though it will be interesting to see what impact Oracle's (Nasdaq: ORCL) glum after-hours report on Tuesday will have on Tibco.
Shares of Tibco are up over 19% year-to-date, but have shed 15% in the past month.
