Oracle Corporation (ORCL)

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$11.07 Billion in Sales Expected for Oracle Co. (NYSE:ORCL) This Quarter
By: MarketBeat | April 10, 2021

Equities analysts predict that Oracle Co. (NYSE:ORCL) will post sales of $11.07 billion for the current quarter, according to Zacks. Nine analysts have made estimates for Oracle's earnings, with the highest sales estimate coming in at $11.15 billion and the lowest estimate coming in at $10.97 billion. Oracle posted sales of $10.44 billion in the same quarter last year, which suggests a positive year over year growth rate of 6%. The firm is expected to issue its next earnings report on Tuesday, June 15th.

On average, analysts expect that Oracle will report full year sales of $40.32 billion for the current financial year, with estimates ranging from $40.23 billion to $40.40 billion. For the next year, analysts anticipate that the firm will post sales of $41.41 billion, with estimates ranging from $40.76 billion to $42.42 billion. Zacks' sales averages are a mean average based on a survey of sell-side analysts that follow Oracle.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 EPS for the quarter, beating the Zacks' consensus estimate of $1.11 by $0.05. Oracle had a net margin of 26.34% and a return on equity of 101.26%. The company had revenue of $10.09 billion for the quarter, compared to analysts' expectations of $10.07 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Oracle's revenue for the quarter was up 3.0% compared to the same quarter last year.

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