Can Oracle (ORCL) Top Estimates Again?

What's Happening With ORCL View more about ORCL >

Oracle (ORCL) will report its fiscal third-quarter numbers after the market close March 14. The consensus calls for earnings of $0.84 per share on sales of $9.62 billion. During the same period last year the company earned $0.83 per share on revenue of $9.8 billion. ORCL is up 16.8% on the year.

Technical Analysis

ORCL was recently trading at $52.67 down $0.80 from its 12-month high and $10.27 above its 12-month low. InvestorsObserver’s Stock Score Report gives ORCL a 70 long-term technical score and a 80 short-term technical score. The stock has recent support above $50 and recent resistance below $53.5. Of the 20 analysts who cover the stock 5 rate it Strong Buy, 1 rate it Buy, 13 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, ORCL gets a score of 64 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

ORCL stock has been a strong performer in 2019 after a sharp sell off during the final two months of 2018. ORCL found its footing in late-December and shares are currently trading just shy of the all-time high. Oracle has a solid earnings track record, posting better than expected earnings each of the last nine quarters. The street is looking for another earnings beat this quarter with a whisper number of $0.87. Despite the stock trading at an all-time its forward P/E is an attractive 14.3, with earnings expected to grow 10% per annum over the next five years. The street is bullish on the stock and if Oracle is able to post another earnings surprise as expected shares should rise to a new all-time high following the report. Analysts have an average price target of $52.61 on Oracle stock.

ORCL
About Oracle Corporation

Oracle sells a wide range of enterprise IT solutions, including databases, middleware, applications, and hardware. While software licenses, support, and maintenance continue to represent roughly 70% of revenue, the firm is undergoing a mix shift toward cloud-based subscriptions that should necessitate continued heavy investment in the business model transition. Oracle offers software-as-a-service, platform-as-a-service, and infrastructure-as-a-service offerings. Legacy offerings include Oracle Database software and Oracle Fusion Middleware.

  • Last Price:
    $52.77
  • Previous Close:
    $54.04
  • Change:
    $-1.27 (-2.35%)
  • Open:
    $53.62
  • Volume:
    16,131,092
  • Average Volume (100 Day):
    18,951,813
  • Market Capitalization:
    $180.3 B
  • Day's Range:
    $52.74 - $53.88
  • Dividend Yield:
    1.78%
  • 52-week Range:
    $54 - $42.40
  • P-E:
    19.00
  • EPS:
    $2.77
  • Earnings Date:
    6/18/19
  • Ex Dividend Date:
    4/10/19
  • Sector:
    Technology
  • Industry:
    Software - Infrastructure
  • Analyst Average Recommendation:
    Hold

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