Analysts on Wall Street project that Oracle (ORCL) will announce quarterly earnings of $1.63 per share in its forthcoming report, representing an increase of 10.9% year over year. Revenues are projected to reach $16.15 billion, increasing 14.8% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions 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.
Bearing this in mind, let's now explore the average estimates of specific Oracle metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Revenue- Hardware' will reach $713.60 million. The estimate indicates a year-over-year change of -2%.
The consensus estimate for 'Revenue- Services' stands at $1.36 billion. The estimate indicates a year-over-year change of +2%.
Analysts predict that the 'Cloud Services and License Support Revenues by Ecosystem- Applications cloud services and license support' will reach $3.87 billion. The estimate indicates a year-over-year change of -19.1%.
Analysts expect 'Cloud Services and License Support Revenues by Ecosystem- Infrastructure cloud services and license support' to come in at $4.16 billion. The estimate indicates a change of -30.9% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- Americas' should arrive at $10.23 billion. The estimate indicates a change of +14.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Asia-Pacific' of $1.92 billion. The estimate indicates a year-over-year change of +10.2%.
Analysts forecast 'Geographic Revenue- Europe, Middle East and Africa' to reach $3.98 billion. The estimate indicates a change of +17.6% from the prior-year quarter.
View all Key Company Metrics for Oracle here>>>
Oracle shares have witnessed a change of -12.1% in the past month, in contrast to the Zacks S&P 500 composite's +1.3% move. With a Zacks Rank #3 (Hold), ORCL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Oracle Corporation (ORCL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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