Salesforce Q3 Earnings Preview: Focus On Operating Costs, Profit Margins, Slack's Leadership And Einstein GPT Integration
Portfolio Pulse from Surbhi Jain
Salesforce Inc (CRM) is set to report Q3 earnings with analysts expecting $2.06 EPS and $8.72 billion in revenue. Focus areas include operating costs, profit margins, leadership changes at Slack, and Einstein GPT integration. Salesforce has been managing costs by reducing its workforce, resulting in lower operating expenses in Q2. The company has a high gross profit margin compared to the sector and aims to be highly profitable. The consensus rating is a Buy with a target price around $248-$278. Shares were up 2.1% to $229.83 ahead of the earnings report.
November 29, 2023 | 4:05 pm
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NEUTRAL IMPACT
Microsoft Corp's Teams is mentioned as a competitor to Salesforce's Slack. No specific financial data or analyst expectations for Microsoft are provided in the article.
Microsoft is mentioned only in relation to its competitive product, Teams, and there is no direct financial impact from this article on Microsoft's stock.
CONFIDENCE 80
IMPORTANCE 10
RELEVANCE 10
POSITIVE IMPACT
Salesforce is expected to report strong Q3 earnings with a focus on cost management and profit margins. Analysts maintain a Buy rating with price targets ranging from $248 to $278. Shares are up ahead of the report.
Positive expectations from analysts and a high gross profit margin suggest a potential increase in stock price post-earnings report. The Buy rating and price targets indicate confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100