How Analysts Rate Oracle After Earnings

March 16, 2016 by Chris Lange

Oracle Corp. (NYSE: ORCL) reported its fiscal third-quarter financial results after the markets closed Tuesday. Many consider this to be a spectacular quarter, on both the analyst and investor sides. Following the report, a few analysts decided to give their two cents on the stock.

The company said it had $0.64 in earnings per share (EPS) on $9.01 billion in revenue, compared to consensus estimates from Thomson Reuters that called for $0.62 in EPS on revenue of $9.12 billion. In the same period of the previous year, Oracle posted EPS of $0.68 and $9.33 billion in revenue.

Short-term deferred revenues were $6.9 billion, up 7% in U.S. dollars and up 11% in constant currency, compared with a year ago.

During this quarter, the board of directors authorized the repurchase of up to an additional $10 billion of common stock under the existing plan. The board also declared a quarterly cash dividend of $0.15 per share, which will be payable April 28 for shareholders of record on April 14.