Salesforce.com Inc. (NYSE: CRM | CRM Price Prediction) is set to report its most recent quarterly results after the markets close on Thursday. The consensus forecast is $0.69 in earnings per share (EPS) and $4.85 billion in revenue. In the fiscal first quarter of last year, the cloud-based software company posted $0.93 in EPS and $3.74 billion in revenue.
The San Francisco-based company previously issued guidance for this quarter that called for EPS in the range of $0.70 to $0.71 and revenue between $4.875 billion and $4.885 billion.
In the fiscal fourth quarter, revenues grew 35% year over year, and 34% in constant currency. Subscription and support revenues were $4.56 billion, an increase of 35%. Professional services and other revenues increased by 26% to $288 million.
This quarter will be the first with just Mark Benioff at the helm, as Keith Block stepped down as co-CEO back in February. Marc Benioff is currently the board chair and sole chief executive, with Block now an advisor to the CEO.
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Excluding Thursday’s move, Salesforce.com stock had outperformed the S&P 500 and Dow Jones industrial average with a gain of about 8% year to date. In the past 52 weeks, the share price was up closer to 14%.
Here’s what analysts said ahead of the Salesforce report:
- Jefferies has a Buy rating with a $205 price target.
- SunTrust Banks has a Buy rating and a $210 price target.
- RBC has an Outperform rating with a $210 target price.
- Cowen has an Outperform rating with a $200 price target.
- Oppenheimer rates it as Outperform with a $195 price target.
- BofA Securities has a Buy rating with a $210 target price.
- JMP Securities has a Market Perform rating and a $191 target.
Salesforce.com stock traded up about 3% at $181.64 on Thursday, in a 52-week range of $115.29 to $195.72. The consensus price target is $194.38.
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