Oracle Likely To Report Lower Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Oracle Corporation (NYSE:ORCL) is expected to report lower Q4 earnings at $1.65 per share, down from $1.67 per share a year ago. However, revenue is projected to increase to $14.59 billion from $13.84 billion. The company recently announced plans to open two Oracle Cloud Regions in Morocco. Analysts have provided mixed ratings, with price targets ranging from $120 to $150.
June 10, 2024 | 3:27 pm
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Oracle is expected to report lower Q4 earnings at $1.65 per share, down from $1.67 per share a year ago, but higher revenue at $14.59 billion. The company announced plans to open two Oracle Cloud Regions in Morocco. Analysts have mixed ratings with price targets ranging from $120 to $150.
The expected lower earnings per share (EPS) might negatively impact the stock price, but the higher revenue projection and new cloud regions in Morocco could offset this. Mixed analyst ratings suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100