Oracle Corporation (NYSE:ORCL) developer of database and middleware software, is expected to report fourth quarter earnings results, after market close, on Tuesday 16th June 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 1.16 per share.
Looking ahead, the full year income are expected at $ 3.82 per share on the revenues of $ 39328.80 million.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 1.20 ~ $ 1.28 per share, while revenues are expected in a range of $ 10,916.00 million ~ $ 11,362.00 million
Stock Performance
According to the previous trading day, closing price of ORCL was $ 53.25, representing a 34.10 % increase from the 52 week low of $ 39.71 and a 11.98 % decrease over the 52 week high of $ 60.50.
The company has a market capital of $ 167.93 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
On 31st March 2020, upgraded by Exane BNP Paribas to Outperform from Neutral rating.
On 20th March 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
On 16th March 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 53.00 target price.
On 13th March 2020, maintained by Wells Fargo & Co at rating, with $ 55.00 target price.
Conference Call
Oracle Corporation will be hosting a conference call at 5:00 PM eastern time on 16th June 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fi
