Oracle Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Oracle Corporation (NYSE:ORCL) is set to release its Q3 financial results on March 11, 2024, with analysts forecasting earnings of $1.38 per share and revenue of $13.31 billion. This follows a Q2 report where earnings exceeded expectations but sales fell short. Oracle's stock rose 2% to $114.54 recently. Analysts have revised their ratings and price targets, with notable adjustments from Piper Sandler, Erste Group, Morgan Stanley, Wolfe Research, and BMO Capital.
March 08, 2024 | 5:43 pm
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Oracle Corporation is anticipated to report increased earnings and revenue for Q3, following a mixed Q2 performance. Analysts have recently adjusted their ratings and price targets.
The anticipation of increased earnings and revenue for Oracle's Q3, as forecasted by analysts, coupled with recent positive stock movement and analyst adjustments, suggests a potential short-term positive impact on ORCL's stock price. The adjustments by analysts, especially those with high accuracy rates, reflect a nuanced but overall positive outlook, reinforcing the potential for stock appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100