What's Going On With Salesforce Stock Thursday?
Portfolio Pulse from Dylan Berman
Salesforce, Inc. (NYSE:CRM) shares are moving higher on Thursday ahead of its 2024 fiscal year second quarter earnings release on Aug. 28. Analysts estimate EPS of $2.36 and revenue of $9.23 billion. Salesforce has a strong record of beating EPS estimates, although it missed revenue estimates last quarter for the first time in years. The stock is trading above its 50-day moving average and is currently at $261.02.
August 15, 2024 | 4:03 pm
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Salesforce shares are moving higher ahead of its Q2 earnings release, with analysts expecting EPS of $2.36 and revenue of $9.23 billion. The stock is trading above its 50-day moving average.
The anticipation of the upcoming earnings release and Salesforce's strong track record of beating EPS estimates are driving the stock price higher. The stock trading above its 50-day moving average is also a positive technical indicator.
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