Salesforce Inc (CRM)

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Earnings Previews: Salesforce.com Inc. (CRM)
By: 24/7 Wall St. | February 28, 2022

• Here is a look at five companies scheduled to report quarterly results after markets close on Tuesday.

Salesforce

Shares of enterprise software maker Salesforce.com Inc. (NYSE: CRM) have struggled over the past 12 months, particularly since early November. The stock has lost about 33% of its value since then. The Dow Jones industrial average component’s outlook will figure significantly in how investors react to the report.

Of 49 analysts covering the stock, 42 have a Buy or Strong Buy rating. The other seven rate the shares at Hold. At a share price of around $208.10, the upside potential based on a median price target of $315 is 51.3%. At the high price target of $385, the upside potential is 85%.

The consensus revenue estimate for the fourth quarter is $7.24 billion, up 5.5% sequentially and 24.4% year over year. Adjusted EPS are forecast at $0.75, down 41% sequentially and down almost 28% year over year. For the full 2022 fiscal year that ended in January, current estimates call for EPS of $4.69, down 4.8%, on sales of $26.40 billion, up 24.2%.

Salesforce stock trades at 44.7 times expected 2022 EPS, 44.0 times estimated 2023 earnings of $4.75 and 37 times estimated 2024 earnings of $5.65 per share. The stock’s 52-week range is $184.44 to $311.75. The company does not pay a dividend. Total shareholder return for the past year is negative 3.7%.

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