Analysts on Wall Street project that Salesforce.com (CRM) will announce quarterly earnings of $2.77 per share in its forthcoming report, representing an increase of 8.2% year over year. Revenues are projected to reach $10.13 billion, increasing 8.7% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Salesforce.com metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Professional services and other' will reach $524.87 million. The estimate suggests a change of -6.4% year over year.
The average prediction of analysts places 'Revenue- Subscription and support' at $9.61 billion. The estimate indicates a change of +9.6% from the prior-year quarter.
The consensus estimate for 'Revenue- Subscription and support- Service' stands at $2.48 billion. The estimate indicates a change of +9.8% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Subscription and support- Marketing and Commerce' should arrive at $1.38 billion. The estimate points to a change of +5.5% from the year-ago quarter.
Analysts predict that the 'Revenue- Subscription and support- Platform and Other' will reach $2.02 billion. The estimate indicates a year-over-year change of +12.9%.
Analysts expect 'Revenue- Subscription and support- Sales' to come in at $2.26 billion. The estimate indicates a year-over-year change of +8.9%.
According to the collective judgment of analysts, 'Geographic Revenue- Americas' should come in at $6.97 billion. The estimate suggests a change of +12.4% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Asia Pacific' of $1.02 billion. The estimate indicates a change of +8.6% from the prior-year quarter.
Analysts forecast 'Geographic Revenue- Europe' to reach $2.15 billion. The estimate suggests a change of -1.7% year over year.
The combined assessment of analysts suggests that 'Remaining performance obligation (RPO) - Current' will likely reach $29.10 billion. Compared to the current estimate, the company reported $26.50 billion in the same quarter of the previous year.
Analysts' assessment points toward 'Remaining performance obligation (RPO) - Total' reaching $59.84 billion. The estimate compares to the year-ago value of $53.50 billion.
The consensus among analysts is that 'Remaining performance obligation (RPO) - Noncurrent' will reach $30.74 billion. The estimate compares to the year-ago value of $27.00 billion.
View all Key Company Metrics for Salesforce.com here>>>
Over the past month, shares of Salesforce.com have returned -5.5% versus the Zacks S&P 500 composite's +1.5% change. Currently, CRM carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Salesforce Inc. (CRM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
