What Investors See and Expect From Oracle Earnings
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…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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.
We will also be watching the commentary about how Team Larry Ellison is doing in market share against rival SAP AG (NYSE: SAP). We would also pay attention to Salesforce.com (NYSE: CRM) on the news.
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
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.