Does Oracle’s Future Predict Positive Results?
Oracle Corporation (ORCL) is set to release their FQ4’18 report tonight after the market closes. The Estimize consensus predicts an EPS of $0.96, which would provide a year-over-year growth rate of 6%. Wall Street’s EPS prediction for the upcoming quarter comes in lower at $0.94. Estimize projects Oracle’s revenue to be $11.235B, which is slightly lower than Wall Street’s estimate of $11.195B. Estimize’s projection would demonstrate a 2% year-over-year growth rate of revenue. Additionally, Oracle’s Cloud Service Revenue Expectations are estimated to come in at $1.227B, which would display a 27% year of year growth rate.
Oracle’s performance predictions are not as positive as they were in previous quarters. With companies like Microsoft leading the cloud-arena, investors are less likely to favor Oracle. Low expectations of Oracle stock have driven down its valuation and price; however, few believe that this stunt in growth is permanent. Oracle has announced a new program called Oracle Soar, which is designed to facilitate the transition to using cloud, which will allow room for Oracle to gain speed, and grow.
Disclosure: There can be no assurance that the information we considered is accurate or complete, nor can there be any assurance that our assumptions are correct.