These 3 Companies Report Earnings This Week; Here's What To Expect
Oracle Corp, Blackberry, and Nike are all set to announce their quarterly reports this week. What should investors be looking for?
Oracle Corporation (NYSE: ORCL) is scheduled to announce its second quarter fiscal 2015 earnings report on Wednesday after the market closes. The company is expected to post $0.64 earnings per share, down from $0.66 earnings per share the same quarter last year.
For the past three consecutive quarters, Oracle has missed earnings estimates by roughly 2-4 cents. In addition, this is the first earnings report since Larry Ellison stepped down as president and stepped in as Chairman.
In the last three months Oracle insiders sold 1.81 million shares, and in the past year they sold a total of $9.3 million shares. Since 2012, Oracle has been supporting their stock with increased share buybacks.
On average, the analyst consensus for Oracle is HOLD.
BlackBerry Ltd (NASDAQ: BBRY) is set to announce its third quarter fiscal 2015 earnings report on Friday before the market opens. The company is expected to post a loss of $-0.05 per share, marking a massive improvement from the same quarter last year when it posted a loss of $-0.67 per share.
Analysts have been optimistic about Blackberry’s move away from the consumer market, but they have also been questioning just how many, if at all, of those who participated in this trial will become paying customers.
On average, the analyst consensus for Blackberry is HOLD.
Nike Inc (NYSE: NKE) is scheduled to announce its second quarter fiscal 2015 earnings report on Thursday after market close. The retailer is forecast to post $0.69 earnings per share, up from the same quarter last year when it posted $0.59 earnings per share.
On average, the analyst consensus for Nike is Moderate Buy.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.