What to Expect from Oracle’s Fourth Quarter Earnings This Week

S&P 500 (NYSE:SPY) component Oracle Corp. (NASDAQ:ORCL) will unveil its latest earnings on Thursday, June 21, 2012. Oracle develops, manufactures, markets, distributes, and services software designed to help its customers manage and grow their businesses.

Oracle Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts was for net income of 76 cents per share at the start of June, a rise of 4.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 74 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 76 cents during the last month. For the year, analysts are projecting profit of $2.33 per share, a rise of 9.4% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of 58 cents per share against a mean estimate of profit of 54 cents per share. In the second quarter, it missed forecasts by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 0.8% in revenue from the year-earlier quarter to $10.9 billion.

Analyst Ratings: 19 out of 33 analysts surveyed (57.6%) have a buy rating on Oracle. This falls under the mean analyst rating of 10 competitors, which average 60.2% buy ratings.

A Look Back: In the third quarter, profit rose 18.1% to $2.5 billion (49 cents a share) from $2.12 billion (41 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 3.1% to $9.04 billion from $8.76 billion.

Key Stats:

The company has seen net income rise in three consecutive quarters. Net income rose 17.2% in the second quarter and 36.1% in the first quarter.

Revenue has increased in each of the past four quarters. Revenue rose 2.4% in the second quarter from the year earlier, climbed 11.6% in the first quarter from the year-ago quarter and 13.4% in the fourth quarter of the last fiscal year.

Stock Price Performance: Since the start of trading in 2012, the stock price as climbed $1.49 (5.79%) year-to-date, from $30.01 to $26.20. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 9.5% (+$2.93) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 12.8% (-$4.20) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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