This tech company will report earnings this week. Its shares have received one earnings estimate upgrade in the past 30 days, and Jefferies recently upgraded the shares to “Buy”.
Oracle (ORCL)
Oracle’s (ORCL, Rated B) most recent results were affected by currency headwinds, though the fundamentals of the underlying business are demonstrating resilience, even as new customers are favoring cloud products over on-premises solutions. Oracle continues to transition to a cloud model, where a company collects monthly subscription fees instead of large upfront license payments. Oracle also is working to increase adoption of its 12c database software, released in 2013, and to resuscitate its hardware business.
The company is scheduled to release fiscal first-quarter 2016 earnings next week. The expectation is for Oracle to report $0.52 a share in earnings and $8.53 billion in revenue. Its previous earnings results were affected by currency headwinds, though the fundamentals of the underlying business are demonstrating resilience, even as new customers are favoring cloud products over on-premises solutions. Target $54.
David Dutkewych, Weiss Million Dollar Ratings Portfolio, published by Money and Markets, a Division of Weiss Research, Inc., www.moneyandmarkets.com/services/trading-services/weiss-million-dollar-ratings-portfolio, issues@e.moneyandmarkets.com; 1-800-291-8545, September 4 & 11, 2015
Investment Digest Editor’s Note: Oracle Corp. is scheduled to reveal its fiscal first-quarter results later on Wednesday. The consensus estimates call for $0.52 in EPS, as well as $8.54 billion in revenue.