Oracle Q4 Earnings Preview: Analyst Estimates, Key Items To Watch Including Cloud Infrastructure Momentum, AI Partnerships
Portfolio Pulse from Chris Katje
Oracle Corporation (NYSE:ORCL) is set to report its Q4 financial results on June 11, 2024. Analysts expect revenue of $14.59 billion and earnings per share of $1.65. Key items to watch include cloud infrastructure momentum, AI partnerships, and potential updates on a $10 billion contract with Elon Musk's xAI. Oracle has missed revenue estimates in the last three quarters but has consistently beaten earnings estimates. The stock is currently trading at $124.28, up 20% over the last year.
June 10, 2024 | 5:22 pm
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Oracle is expected to report Q4 revenue of $14.59 billion and earnings per share of $1.65. Key items to watch include cloud infrastructure momentum, AI partnerships, and potential updates on a $10 billion contract with Elon Musk's xAI. Oracle has missed revenue estimates in the last three quarters but has consistently beaten earnings estimates.
The positive outlook on Oracle's cloud infrastructure and AI partnerships, along with the potential $10 billion contract with xAI, could drive short-term stock price gains. Despite missing revenue estimates in the last three quarters, Oracle's consistent earnings beats and institutional investor interest suggest a favorable market reaction.
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