Oracle Corporation (ORCL)

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Q4 2022 Earnings Estimate for Oracle Co. Issued By Piper Sandler
By: MarketBeat | June 18, 2021

Oracle Co. (NYSE:ORCL) - Analysts at Piper Sandler boosted their Q4 2022 earnings per share estimates for shares of Oracle in a research report issued to clients and investors on Tuesday, June 15th. Piper Sandler analyst B. Bracelin now expects that the enterprise software provider will earn $1.34 per share for the quarter, up from their prior estimate of $1.21. Piper Sandler currently has a "Neutral" rating and a $80.00 price objective on the stock. Piper Sandler also issued estimates for Oracle's Q1 2023 earnings at $1.00 EPS, Q2 2023 earnings at $1.10 EPS, Q3 2023 earnings at $1.18 EPS, Q4 2023 earnings at $1.49 EPS and FY2023 earnings at $4.76 EPS. Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, June 14th. The enterprise software provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.31 by $0.23. Oracle had a return on equity of 116.15% and a net margin of 32.32%. The business had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis...

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