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Oracle Corporation (NYSE: ORCL) will report its fourth quarter financial results on Wednesday afternoon, after the market closes.
While the company guided slight earnings growth to $0.93 per share (up from $0.92 per share reported a year ago), the crowd and Wall Street analysts are expecting to see a small decline in earnings.
According to Estimize, the crowd is projecting consensus earnings of $0.91 per share on revenue of $11.165 billion, versus $11.326 billion reported a year ago.
The Street is the most bearish, and models consensus earnings of $0.87 per share on revenue of $10.943 billion.
It is also interesting to see how sentiment has evolved over time; both the Street and the crowd have become increasingly bearish as the reporting date has come closer.
Other Views
In a report published Monday, Wunderlich analyst Robert Breza previewed Oracle’s results, reiterating a Hold rating and price target of $47.00 on the stock.
The firm expects the tech company to deliver earnings and revenue at the high-end of the guidance, above consensus estimates.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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