Oracle Corp. (NASDAQ: ORCL) is set to report earnings this coming Wednesday. This will be the stock used by analysts to judge the strength of enterprise business spending for technology.
The First Call estimates for the enterprise software giant are $0.44 EPS on $6.86 Billion in revenues in its year-end quarterly report for Fiscal May 2008. Estimates for next quarter (the company’s throw away quarter) are $0.27 EPS on $5.43 Billion in revenues. For the year ahead, its May-2009 estimates are expected to be $1.50 EPS on $25.67 Billion in estimates.
Average analyst targets are roughly $25.00, which puts this stock close to being fully valued by many analysts. That gives an implied 17.3 P/E ratio for its trailing 12 months, and it gives an implied forward P/E ratio of 14.6 for the year ahead. As long as it can grow its earnings, neither number seems overly expensive for an industry leader in a rough economy.
We’ll follow up with more detailed options analysis, technical analysis, and individual metrics ahead of the report as the details are more defined. As a reminder, these estimates from First Call may slightly change before the actual report.
Here is a full tech earnings calendar for next week.
Jon C. Ogg
June 21, 2008
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