What's Going On With Oracle Stock Tuesday?
Portfolio Pulse from Adam Eckert
Oracle Corp (NYSE:ORCL) is set to report its fiscal fourth-quarter financial results after the market close on Tuesday. The company is expected to report earnings of $1.65 per share and revenue of $14.554 billion. Oracle has a history of beating EPS estimates but missing revenue targets. Last quarter, Oracle's stock rose due to record-high remaining performance obligations and strong business outlook. Citigroup recently maintained a Neutral rating on Oracle and lowered the price target from $133 to $128.
June 11, 2024 | 3:19 pm
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Oracle is set to report its fiscal fourth-quarter earnings with expected EPS of $1.65 and revenue of $14.554 billion. The company has a history of beating EPS estimates but missing revenue targets. Last quarter, Oracle's stock rose due to record-high remaining performance obligations and a strong business outlook. Citigroup recently maintained a Neutral rating and lowered the price target from $133 to $128.
Oracle's upcoming earnings report is highly anticipated, with expectations of strong EPS but potential revenue misses. The company's strong future outlook and record-high remaining performance obligations are positive indicators. Citigroup's recent rating and price target adjustment may temper short-term enthusiasm.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100