Oracle Corporation (NASDAQ: ORCL) is set to report earnings on Thursday after the close. What has been amazing is that Oracle’s share price is back to within 3% or so of its 52-week high after the stock had fallen from grace so hard back in December and more recently in May. The recovery has been more than 25% since the lows of May.
Thomson Reuters has a consensus of $0.53 EPS and $8.42 billion in revenue for the last quarter (its first fiscal quarter) and the next quarter estimates are $0.61 EPS and $9.23 billion in revenue.
Oracle is going to be very closely watched since it has stepped out of an assured “beat estimates and raise guidance” quarterly report in the last year.
Stay tuned for a more detailed preview on Thursday showing more detailed fundamental analysis, options analysis, and a review of support and resistance on its chart.
JON C. OGG