Oracle Corporation (ORCL)

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Zacks: Brokerages Expect Oracle Co. (ORCL) Will Announce Quarterly Sales of $11.07 Billion
By: MarketBeat | May 14, 2021

Brokerages forecast that Oracle Co. (NYSE:ORCL) will post sales of $11.07 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Oracle's earnings, with the lowest sales estimate coming in at $10.97 billion and the highest estimate coming in at $11.15 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 business is expected to report its next quarterly earnings report on Tuesday, June 15th.

According to Zacks, 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 expect that the business 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 research analysts that follow Oracle.

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