Earnings Watch: Oracle Reports After The Bell
Estimize | Jun 19, 2018 12:16PM ET
Oracle Corporation (NYSE:ORCL) is set to release its FQ4’18 report tonight after the U.S. market closes. The Estimize consensus predicts an EPS of $0.96, which would provide a year-over-year growth rate of 6%. Wall Street’s EPS prediction for the upcoming quarter comes in lower at $0.94. Estimize projects Oracle’s revenue to be $11.235B, which is slightly lower than Wall Street’s estimate of $11.195B. Estimize’s projection would demonstrate a 2% year-over-year growth rate of revenue. Additionally, Oracle’s Cloud Service Revenue Expectations are estimated to come in at $1.227B, which would display a 27% year of year growth rate.
Oracle’s performance predictions are not as positive as they were in previous quarters. With companies like Microsoft (NASDAQ:MSFT) leading in the cloud arena, investors are less likely to favor Oracle. Low expectations of Oracle stock have driven down its valuation and price; however few believe that this stunt in growth is permanent. Oracle has announced a new program called Oracle Soar, which is designed to facilitate the transition to using cloud, which will allow room for Oracle to gain speed and grow.
How do you think Oracle will perform?
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