Oracle Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Oracle Corporation (NYSE:ORCL) is expected to report an increase in Q2 earnings with a forecast of $1.32 per share, up from $1.21 per share a year ago. Revenue is anticipated to be $13.05 billion. The company recently announced a multi-year agreement with Microsoft. Ahead of the earnings call, analysts have revised their ratings and price targets for Oracle. Morgan Stanley, BMO Capital, Piper Sandler, Berenberg, and Citigroup analysts have provided updates with varying price targets and ratings.
December 08, 2023 | 9:06 am
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Oracle is expected to report higher Q2 earnings at $1.32 per share with revenues of $13.05 billion. Analysts have revised their ratings and price targets, indicating mixed expectations.
The anticipation of higher earnings and revenue for Oracle's Q2 suggests a positive short-term impact on the stock price. The recent agreement with Microsoft and the updated analyst ratings, despite some price target cuts, generally support a positive outlook for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100