On Monday, Oracle (NYSE: ORCL ) announced quarterly earnings of $1.19 per share, outperforming the consensus of $1.14 per share. This represents an increase from last year's earnings of $1.03 per share for the same period, adjusted for non-recurring items. This report marks the fourth consecutive quarter that Oracle has exceeded consensus EPS estimates.
The software giant reported revenues of $12.45 billion for the quarter ending in August 2023. This aligns with the consensus and shows an increase from the previous year's revenue of $11.45 billion. Over the past four quarters, Oracle has surpassed consensus revenue estimates three times.
Oracle's stock has seen significant growth this year, with shares increasing by approximately 54.5%, compared to the S&P 500 's gain of 16.1%. Despite this strong performance, Oracle's future stock movements will largely depend on management's commentary on the earnings call and future earnings expectations.
The company's earnings outlook is a critical factor for investors considering what lies ahead for Oracle. This includes not only current consensus earnings expectations for upcoming quarters but also recent changes to these expectations. Research indicates a robust correlation between near-term stock movements and trends in earnings estimate revisions.
The current consensus EPS estimate is $1.33 on revenues of $13.21 billion for the upcoming quarter and $5.51 on revenues of $53.85 billion for the current fiscal year. Investors are advised to consider industry outlook as it can significantly impact the performance of the stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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