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Salesforce.com, Keurig Green Mountain To Report Wednesday: Earnings Increase And Decline Expected

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Salesforce.com, Keurig Green Mountain To Report Wednesday: Earnings Increase And Decline Expected
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  • Salesforce.com, inc. (NYSE: CRM) and Keurig Green Mountain Inc (NASDAQ: GMCR) are scheduled to announce their quarterly financial results after the market closes on Wednesday.
  • According to Estimize, the Street is expecting to see a 35 percent year-over-year increase in salesforce’s earnings.
  • On the other hand, Keurig Green Mountain is expected to deliver a 21 percent decline year-over-year.
  • Salesforce

    Experts on Wall Street are expecting the tech company to report a 35 percent year-over-year increase in earnings to $0.19 per share, up from $0.14 per share last year.

    Related Link: 2 Retail Earnings Calls To Watch On Tuesday

    Management also guided for earnings in the $0.18 to $0.19 per share range, while the crowd is modeling earnings of $0.20 per share.

    It should be noted from the chart above, however, that salesforce has tended to beat earnings estimates over the past couple of years.

    Revenue is also expected to surge, from $1.384 billion in the third quarter of last year to at least $1.69 billion this year – management guided for sales of $1.69 billion to $1.7 billion.

    The Street, for its part, projects revenue of $1.701 billion, and the crowd envisions sales of $1.711 billion.

    Keurig Green Mountain

    The famed coffee roaster is expected to deliver a substantial decline in earnings, from $0.90 per share a year ago to $0.71 per share this year – this is the consensus estimate for both the Street and the crowd. Both predict a decline below guidance of $0.70 to $0.75 per share.

    Experts and the crowd are projecting revenue to fall as well, from $1.195 billion last year, to $1.03 billion and $1.025 billion, respectively, this year.

    However, it should be noted that the company has tended to beat estimates over the past eight quarters.

    Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

    Image Credit: Public Domain

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