Sven Hoppe (dpa via Getty Images).
The Key Takeaways
- Oracle’s fiscal second-quarter results will be announced after Monday’s close.
- Analysts predict that revenue and profits will increase year over year due in part to the growth of cloud services.
- A slight majority of the analysts tracked by Visible Alpha have a "buy" or equivalent rating for Oracle.
Oracle’s (ORCL) fiscal second quarter earnings will be reported after Monday’s market close. Analysts are looking for an increase in cloud services revenue.
Visible Alpha has tracked 17 brokers. 9 of them have been linked to a brokerage firm. “buy” Or an equivalent rating compared to 8. “hold" ratings. The consensus price target is about $178, which is more than 7% below Friday’s intraday price.
The database giant is expected to report revenue of $14.13 billion, up 9% year-over-year. Analysts project net income of $3.05 billion or $1.07 per share, compared to $2.50 billion or 89 cents per share a year earlier. Cloud Services, Oracle's largest business, is expected to deliver revenue of $5.98 billion, up 25% from the year-ago quarter.
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