Oracle Set to Report Q4 Revenue of $19.09 Billion as Analysts See EPS Rising to $1.96
Updated
Updated · Benzinga · Jun 10
Oracle Set to Report Q4 Revenue of $19.09 Billion as Analysts See EPS Rising to $1.96
2 articles · Updated · Benzinga · Jun 10
Summary
$1.96 a share and $19.09 billion in revenue are the consensus targets for Oracle's fourth-quarter results due after Wednesday's closing bell, up from $1.70 and $15.90 billion a year earlier.
Those estimates frame a sharp year-on-year increase ahead of the Austin, Texas-based software group's report, with investors watching whether growth can match elevated expectations.
Three beats in the past 10 quarters — including the latest third quarter — show Oracle has topped revenue forecasts only intermittently despite its recent momentum.
Oracle shares fell 2.8% Tuesday to $205.81, setting the market backdrop as traders position for the earnings release.