Back to top
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Oracle (ORCL) a 'Buy' Ahead of Fiscal Q3 Earnings Announcement?
Enterprise software giant Oracle (ORCL - Free Report) is set to report fiscal third-quarter earnings results on Monday after the bell. Currently a Zacks Rank #4 (Sell) stock, Oracle exceeded the earnings mark in two of the past four quarters. But given a steep pullback in many AI-related stocks lately, is ORCL a buy?
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The Q3 Zacks Consensus Estimate calls for earnings of $1.48 per share, reflecting a 4.96% improvement relative to the same quarter last year. Earnings estimates have declined slightly over the past 60 days.
Oracle delivered a 1.73% average earnings surprise over the past four quarters. Sales are anticipated to have risen 8.12% to $14.36 billion during the third quarter.
ORCL stock succumbed to the recent market volatility. Shares have plunged more than 20% from their November 2024 highs. Investors should proceed with caution heading into the announcement.