Will Q4 Mark An End To Oracle's (ORCL) Earnings Beat Streak?
Zacks Investment Research | Jun 15, 2018 08:51AM ET
Oracle Corporation (NYSE:ORCL) is set to report fiscal fourth-quarter 2018 results on Jun 19. Notably, the company has beaten estimates in the trailing four quarters, recording an average positive surprise of 8.49%.
In the last reported quarter, the company delivered modest third-quarter fiscal 2018 results. Non-GAAP earnings of 83 cents per share comfortably beat the Zacks Consensus Estimate of 72 cents. However, revenues of $9.776 billion came almost in line with the Zacks Consensus Estimate figure of $9.771 billion. This represented 6% year-over-year growth in revenues.
Expect What?
The current Zacks Consensus Estimate for the quarter under review is pegged at 94 cents, up 5.6% year over year. The earnings estimates have remained stable in the last 30 days. Further, the Zacks Consensus Estimate for revenues is pegged at $11.2 billion, up roughly 2.3% from the year-ago quarter.
Oracle underperformed the industry in the past year. While the stock gained just 3.4%, the Original post
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