Earnings Preview: Oracle
Enterprise software giant Oracle (NASDAQ: ORCL) is expected to release its quarterly financial results on Tuesday after the closing bell. On Friday, the stock rose a little more than 1 percent to close at $31.96. Year-to-date, the shares have climbed better than 24 percent, outpacing the broader market.
Wall Street analysts have consensus earnings per share estimates of $0.61 heading into the report. This represents year over year earnings growth of just under 13 percent compared to the $0.54 that Oracle reported in last year's corresponding quarter. The high estimate on Wall Street is $0.63 with a low estimate of $0.59.
Revenue is expected to be up 2.50 percent versus the year ago period, to $9.03 billion. Last year, Oracle reported revenue of $8.81 billion. The high estimate on Wall Street is $9.32 billion with a low estimate of $8.84 billion.
Over the last 3 months, earnings per share estimates for the reporting quarter have held steady at $0.61. Estimates for the upcoming quarter have also been steady at $0.66. During this time period, the stock has fallen 3 percent.
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