Shares of Oracle Corporation (NYSE: ORCL) soars more than 4% in pre-market trading today. This surge comes just before the eagerly awaited release of its fourth-quarter earnings. The company has scheduled the announcement to take place after the close of trading on Monday.
Here’s what investors should know as they await this important update.
Market analysts have estimated that Oracle will report impressive earnings per share (EPS) of $1.58. Naturally, Oracle Bulls will hope to hear that the company has not only surpassed this estimate but also provided positive guidance or forecasted growth for the next quarter.
It’s important to note for new investors that the price of a stock is not solely influenced by whether earnings beat or miss expectations. The guidance or forecast provided by the company also plays a significant role.
Past Earnings Performance
In the previous quarter, Oracle exceeded EPS expectations by $0.02. However, this was followed by a 3.22% drop in the share price on the following day.
Stock Performance
As of June 8th, shares of Oracle Corporation (ORCL) were trading at $109.85. Over the past 52 weeks, the company has shown a remarkable increase of 69.69% in its share value. Given this generally positive trend, long-term shareholders are likely to maintain a bullish outlook as they approach this highly anticipated earnings release.
Zabih Ullah is a seasoned finance writer with more than ten years of experience. He is highly skilled at analyzing market trends, decoding economic data, and providing insightful commentary on various financial topics. Driven by his curiosity, Zabih stays updated with the latest developments in the finance industry, ensuring that his readers receive timely and relevant news and analysis.
