Oracle Corporation (ORCL)

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Earnings Previews: Oracle Corp. (NYSE: ORCL)
By: 24/7 Wall St. | March 9, 2022

• Here is a look at two tech companies set to report results after markets close on Thursday.

Oracle

Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has added about 5.7% to its share price over the past 12 months, including a drop of 27.3% since mid-December. The company reports quarterly results after markets close Thursday.

Last week, the company suspended all business operations in Russia. The company’s planned $28.3 billion acquisition of digital healthcare firm Cerner was announced in December and the deal is expected to close later this year. Data analytics firm Enterprise Technology Research reported that Oracle’s cloud platform grew faster than competitors AWS, Azure, and Google Cloud in three months between October and January.

Of 27 analysts covering the stock, just six have a Buy or Strong Buy rating and 18 rate the shares at Hold rating. At a share price of around $75.60, the upside potential based on a median price target of $101.50 is about 34.3%. At the high price target of $126, the upside potential is 66.7%.

Fiscal third-quarter revenue is forecast at $10.51 billion, up 1.5% sequentially and 4.2% year over year. Adjusted EPS are pegged at $1.18, down 2.6% sequentially but up 1.7% year over year. For full fiscal 2022 ending in May, current estimates call for EPS of $4.82, up less than 3.1%, on sales of $42.36 billion, up 4.6%.

Oracle stock trades at 15.7 times expected 2022 EPS, 14.4 times estimated 2023 earnings of $5.24 and 13.1 times estimated 2024 earnings of $5.75 per share. The stock’s 52-week range is $60.60 to $314.76. Oracle does not pay a dividend. Total shareholder return for the past year is negative 54.5%.

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