Oracle (ORCL) Reports First-Quarter Numbers June 19

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Oracle (ORCL) is scheduled to report first-quarter earnings after the market close on June 19. Analysts forecast earnings of $1.07 for the quarter with sales of $10.96 billion. ORCL stock has risen 18.5% year to date.

Technical Analysis

ORCL was recently trading at $53.51 down $2.02 from its 12-month high and $11.11 above its 12-month low. InvestorsObserver’s Stock Score Report gives ORCL an 84 long-term technical score and an 85 short-term technical score. The stock has recent support above $50 and recent resistance below $55. Of the 21 analysts who cover the stock 5 rate it Strong Buy, 1 rate it Buy, 13 rate it Hold, 0 rate it Sell, and 2 rate it Strong Sell, ORCL gets a score of 70 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Oracle has posted positive earnings surprises the last ten quarters, and revenues have topped estimates the last two quarters. The street expects another earnings beat with a whisper number of $1.08 for the recent quarter. ORCL has been strong in recent years and the stock recently hit a new record high in April before trailing off with the overall market during the May selloff. As stability returned to the broader market in June the stock has started to recover and is once again testing its all-time high which it could break if the company does indeed deliver another positive earnings surprise. Earnings growth has been modest at 3.7% per annum over the last five years, but analysts see profit growth accelerating in the future with earnings expected to climb at an annual rate of 10.4% over the next five years, and 10.3% during the current year. Analysts have an average price target of $53.05 on the stock.

About Oracle Corporation

Oracle Corp 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.

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    $0.32 (0.56%)
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  • Market Capitalization:
    $193.2 B
  • Day's Range:
    $57.63 - $58.14
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  • 52-week Range:
    $61 - $42.40
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  • Sector:
  • Industry:
    Software - Infrastructure
  • Analyst Average Recommendation:

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