Oracle Corporation (ORCL)

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Earnings Preview: Oracle Corp. (NYSE: ORCL)
By: 24/7 Wall St. | March 8, 2023

• Here is a look at what to expect when the following three companies post quarterly earnings after Thursday’s closing bell.

Oracle

Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has added about 19% to its share price over the past 12 months with virtually all the gain coming in the past six months. Shares posted their 52-week high a month ago, gaining about a third since posting a 52-week low in late September. The company may soon begin to feel some pressure from Microsoft’s introduction of its AI assistant, Dynamics 365 Copilot, which is set to bring OpenAI’s technology to the sales, marketing and customer service segments of enterprise-size businesses.

Of 32 analysts covering the stock, 13 have a Buy or Strong Buy rating and 16 rate it at Hold. At a share price of around $88.40, the upside potential based on a median price target of $93.50 is about 5.8%. At the high price target of $120.00, the upside potential is 35.7%.

Fiscal third-quarter revenue is forecast at $12.52 billion, up 1.1% sequentially and 18.2% higher year over year. Adjusted EPS are pegged at $1.20, down a penny sequentially and up 6.2% year over year. For the full 2023 fiscal year ending in May, current estimates call for EPS of $4.90, up 0.04%, on sales of $49.86 billion, up 17.5%.
Oracle stock trades at 18.0 times expected 2023 EPS, 15.8 times estimated 2024 earnings of $5.58 and 13.8 times estimated 2025 earnings of $6.41 per share. The stock’s 52-week range is $60.78 to $91.22. The company pays an annual dividend of $1.28 (yield of 1.45%). Total shareholder return for the past year is 20.96%.

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