Oracle Corp. (NYSE: ORCL) is set to report earnings on Thursday, September 18, after the market closes. Investors are hoping that the enterprise software giant can bring a recovery, after the stock price tanked on the heels of Oracle’s previous earnings report.

Thomson Reuters has consensus estimates of $0.64 in earnings per share and $8.77 billion in revenues. This would compare to the same quarter a year ago when it posted $0.59 in earnings per share and $8.38 billion in revenues. Estimates for the coming quarter are $0.74 in earnings per share and $9.72 billion in revenues.

Recently, Oracle has made moves to purchase Front Porch Digital, which stores digital media for more than 500 organizations worldwide, ranging from NASCAR to the U.S. Library of Congress. This appears to have been one of the possible boosts to push up the price over the course of the day on Monday, along with its expanding cloud operations for Transportation Management and Global Trade Management.

The vice president of Value Chain Execution Product Strategy, Derek Gittoes had this to say about Oracle’s new innovations in the cloud:

With this announcement, companies can now leverage the advantages of cloud to achieve these same benefits without compromise, while also accelerating deployment timelines, reducing IT capital costs, and controlling their long-term cost of ownership. This announcement is further proof of Oracle’s strategic commitment to deliver a complete suite of industry-leading supply chain solutions on the cloud.

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In the weeks before the announcement, Oracle has seen its shares rise from August to September, but now despite these recent developments in the days ahead of the report, shares have fallen almost 4% from highs this month. Before the earnings came out in the previous quarter, shares reached a 52-week high but quickly receded after reported earnings missed the mark.

With shares recently trading at $40.53, the consensus analyst price target is $44.25 and the 52-week range is $32.00 to $43.19. Oracle is trading at 11.77 times its future earnings.

Oracle can influence many enterprise software companies share prices, depending upon its bias. Stay tuned.

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