Oracle Corporation (NYSE:ORCL) is one of the most anticipated earnings reports of the week, with investors and analysts looking forward to third-quarter financial results on Tuesday after market close.
Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch.
Oracle Q4 Earnings Estimates
Analysts expect Oracle to report third-quarter revenue of $16.90 billion, up from $14.13 billion in last year's third quarter, according to data from Benzinga Pro.
The company has missed analyst revenue estimates in eight of the last 10 quarters, including the two most recently reported quarters.
Analysts expect Oracle to report earnings per share of $1.55, versus $1.47 last year.
The company has beaten analyst estimates for earnings per share in three straight quarters and in eight of the last 10 quarters overall.
What Experts Are Saying About Oracle
Oracle shares have been stuck with high expectations after jumping over 30% following first-quarter financial results in September. The jump came on the heels of financial results and news that the company was partnering with OpenAI for data centers.
"Since that news and September peak, shares have been stuck in reverse," Freedom Capital Markets Chief Market Strategist Jay Woods said in a weekly newsletter.
Shares are down around 60% from their September highs and 11% since the last quarterly results, Woods said.
The market expert said there has been pressure on Oracle stock since the first-quarter results due to borrowing concerns and reports that Oracle and OpenAI may end plans for partnered data centers.
Looking at the one-year chart, Woods said there are clear trends.
"The stock has been in a consistent downtrend since breaking below the 50-day moving average. While it's trying to find a near-term floor just under $140, the stock is still guilty until proven innocent. Meaning all rallies should be looked at as selling opportunities."
Woods said investors may want to wait to buy shares until there is a near-term trend change and strength.
The market expert said the weekly chart shows a "critical level" with shares recently falling below their AVWAP level from 2022 lows. Shares have also tested their 200-week moving average in recent weeks and held.
"The risk/reward metrics favor an upside bounce."
Woods says a key support area is $137 with reversal potential to $205 or more. Overall, the market expert said this report could be one to watch with the potential that two quarters are needed to reverse the trend.
"Expect volatility."
Here are recent analyst ratings on Oracle:
- Deutsche Bank: Maintained Buy rating, lowered price target from $375 to $300
- Scotiabank: Maintained Sector Outperform rating, lowered price target from $220 to $215
- Barclays: Maintained Overweight rating, lowered price target from $310 to $230
- Jefferies: Maintained Buy rating, lowered price target from $400 to $320
- TD Cowen: Maintained Buy rating, lowered price target from $350 to $250
Key Items to Watch in Oracle's Q3 Report
Analysts and investors will likely be centered on management commentary and guidance on Tuesday more than the actual financial results.
Cloud revenue was up 24% year-over-year in the second quarter and could be the key metric to watch. Software revenue was down 3% year-over-year in the second quarter.
Another key item to watch will be Oracle's remaining performance obligations (RPO), which were $523 billion at the end of the second quarter. That figure was up 438% year-over-year in the second quarter and has been a key metric to show future growth for the company.
Multicloud database business was up 817% year-over-year in the second quarter. That figure is not always broken out in the individual results, but CEO Mike Sicilia highlighted the growth in prepared remarks.
Oracle Stock Price Action
Oracle stock was down 0.9% to $151.56 on Monday versus a 52-week trading range of $118.86 to $345.72. Oracle shares are down 22.6% year-to-date in 2026.
Image created using artificial intelligence via Gemini.
