In its upcoming report, Oracle (ORCL) is predicted by Wall Street analysts to post quarterly earnings of $1.96 per share, reflecting an increase of 15.3% compared to the same period last year. Revenues are forecasted to be $19.08 billion, representing a year-over-year increase of 20%.
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.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Oracle metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenues- Services' of $1.37 billion. The estimate points to a change of +1.8% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Hardware' should arrive at $834.36 million. The estimate indicates a year-over-year change of -1.8%.
The consensus estimate for 'Cloud Revenues By Offerings- Cloud applications' stands at $4.16 billion. The estimate points to a change of -17.2% from the year-ago quarter.
Analysts' assessment points toward 'Cloud Revenues By Offerings- Cloud infrastructure' reaching $5.74 billion. The estimate suggests a change of -14.1% year over year.
View all Key Company Metrics for Oracle here>>>Over the past month, Oracle shares have recorded returns of +21.5% versus the Zacks S&P 500 composite's +5.5% change. Based on its Zacks Rank #3 (Hold), ORCL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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