What to watch for in Oracle’s earnings
Oracle Corp. ORCL, +0.88% is set to report fiscal first-quarter earnings after the market close on Wednesday.
The company is coming off a rough fourth quarter, and analysts are calling for year-over-year declines in earnings and sales.
But a group of analysts at Jefferies reiterated a buy rating and $50 target on the stock this week, citing the potential for cloud revenue to outperform.
Analysts at Wedbush said Oracle is pricing its cloud offerings aggressively and heavily tilting its sales force incentives toward cloud deals.
Earnings: Analysts expect Oracle to report earnings per share of 52 cents, down from 62 cents in the year-earlier period.
Here’s what to expect:
Oracle has missed consensus earnings per share expectations in five of the past six quarters, according to FactSet.
Estimize, a platform that uses crowdsourcing among hedge fund executives, brokerages, sell-side and buy-side analysts to produce earnings estimates, has Oracle earning 53 cents a share.
Last quarter, Oracle underperformed the Estimize consensus by 15%.
What to watch for in Oracle’s earningsOracle Corp. ORCL, +0.88% is set to report fiscal first-quarter earnings after the market close on Wednesday.The company is coming off a rough fourth quarter, and analysts are calling for year-over-year declines in earnings and sales.But a group of analysts at Jefferies reiterated a buy rating and $50 target on the stock this week, citing the potential for cloud revenue to outperform.Analysts at Wedbush said Oracle is pricing its cloud offerings aggressively and heavily tilting its sales force incentives toward cloud deals.Earnings: Analysts expect Oracle to report earnings per share of 52 cents, down from 62 cents in the year-earlier period.Here’s what to expect: Oracle has missed consensus earnings per share expectations in five of the past six quarters, according to FactSet.Estimize, a platform that uses crowdsourcing among hedge fund executives, brokerages, sell-side and buy-side analysts to produce earnings estimates, has Oracle earning 53 cents a share. Last quarter, Oracle underperformed the Estimize consensus by 15%.
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