Analysts on Wall Street project that Oracle (ORCL) will announce quarterly earnings of $1.64 per share in its forthcoming report, representing an increase of 0.6% year over year. Revenues are projected to reach $15.54 billion, increasing 8.8% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Oracle metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Hardware' should come in at $794.82 million. The estimate points to a change of -5.6% from the year-ago quarter.
Analysts forecast 'Revenue- Cloud license and on-premise license' to reach $1.81 billion. The estimate points to a change of -1.8% from the year-ago quarter.
Analysts predict that the 'Revenue- Services' will reach $1.34 billion. The estimate indicates a year-over-year change of -2.6%.
Based on the collective assessment of analysts, 'Revenue- Cloud services and license support' should arrive at $11.60 billion. The estimate suggests a change of +13.4% year over year.
Analysts' assessment points toward 'Cloud Services and License Support Revenues by Ecosystem' reaching $11.60 billion. The estimate suggests a change of +13.4% year over year.
The average prediction of analysts places 'Cloud Services and License Support Revenues by Ecosystem- Applications cloud services and license support' at $4.91 billion. The estimate points to a change of +5.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Cloud Services and License Support Revenues by Ecosystem- Infrastructure cloud services and license support' will likely reach $6.70 billion. The estimate indicates a year-over-year change of +19.8%.
The consensus among analysts is that 'Geographic Revenue- Americas' will reach $9.81 billion. The estimate suggests a change of +9.6% year over year.
It is projected by analysts that the 'Geographic Revenue- Asia-Pacific' will reach $1.90 billion. The estimate indicates a year-over-year change of +5.4%.
The consensus estimate for 'Geographic Revenue- Europe, Middle East and Africa' stands at $3.75 billion. The estimate indicates a year-over-year change of +6%.
View all Key Company Metrics for Oracle here>>>
Over the past month, shares of Oracle have returned +13.9% versus the Zacks S&P 500 composite's +5.3% change. Currently, ORCL 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 >>>>
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Oracle Corporation (ORCL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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