Oracle Corporation (ORCL)

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Earnings Preview: Oracle Corp. (NYSE: ORCL)
By: 24/7 Wall St. | June 10, 2022

• Here is a look at two companies scheduled to release quarterly results Monday afternoon or Tuesday morning.

Oracle

Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has dropped about 17% from its share price over the past 12 months. Since reaching an all-time high in mid-December, the share price has dropped by 32%. Oracle reports quarterly results after markets close Monday.

Oracle closed its $28.3 billion merger with electronic health records giant Cerner on Wednesday. Chairperson Larry Ellison said the company plans to build a unified national health records database “where the health records all American citizens’ health records not only exist at the hospital level but also are in a unified national health records database.”

Of 27 analysts covering the stock, seven have a Buy or Strong Buy rating and 18 have a Hold rating. At a share price of around $69.20, the upside potential based on a median price target of $88.00 is about 27.2%. At the high price target of $126, the upside potential is 82.1%.

Fiscal fourth-quarter revenue is forecast at $11.97 billion, up 11.0% sequentially and 3.9% higher year over year. Adjusted EPS are pegged at $1.38, up 21.9% sequentially and down 10.4% year over year. For full fiscal 2022 that ended in May, current estimates call for EPS of $4.75, up 1.7%, on sales of $42.27 billion, up 4.4%.

Oracle stock trades at 14.6 times expected 2022 EPS, 13.2 times estimated 2023 earnings of $5.24 and 12.0 times estimated 2024 earnings of $5.78 per share. The stock’s 52-week range is $66.72 to $106.34. The company pays an annual dividend of $1.28 (yield of 1.85%). Total shareholder return for the past year is negative 16.9%.

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