Salesforce's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Salesforce (NYSE:CRM) is set to release its quarterly earnings report on August 30, 2023. Analysts estimate an EPS of $1.76. Last quarter, the company beat EPS by $0.08, which led to a 4.69% drop in the share price the next day. Shares of Salesforce were trading at $211.72 as of August 28, with a 35.73% increase over the last 52-week period.
August 29, 2023 | 7:00 pm
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Salesforce is expected to report an EPS of $1.76 in its upcoming earnings. The company's stock price dropped 4.69% the day after it beat EPS estimates last quarter.
Salesforce's earnings report is a key event that could impact its stock price. Last quarter, despite beating EPS estimates, the company's stock price dropped. This suggests that investors may have different expectations or there may be other factors at play. Given the company's positive performance over the past year, long-term investors are likely to remain bullish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100