Earnings Preview: Oracle
theflyonthewall.com submits: Oracle (ORCL) is expected to report Q1 earnings after the market close on Thursday, September 16, with a conference call scheduled for 5:00 pm ET. GuidanceThe consensus estimate is 37c for EPS and $7.27B for revenue, according to First Call. While Oracle traditionally reports weak Q1 results, some analysts think that the bellwether will benefit from delayed Q4 Infrastructure Technology, or IT, projects. Analysts are largely expecting a performance in line with expectations. Aside from the financials, Oracle’s quarter will be closely watched for tips about what to expect at next week’s Open World pow-wow. Also, the numbers are likely to be overshadowed by product and management developments. Analysts are expecting a bevy of catalysts ahead for Oracle. On the radar are: Fusion applications, an emerging on-demand software strategy, hardware integration, the controversial arrival of Mark Hurd as co-president and commentary on future acquisitions. This marks the second full quarter of results following Oracle's acquisition of the ailing SunMicrosystems. Complete Story » seekingalpha.com |
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