Oracle Corp. Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Oracle Corp. (NASDAQ:ORCL) will unveil its latest earnings on Tuesday, March 20, 2012. Oracle develops, manufactures, markets, distributes, and services software designed to help its customers manage and grow their businesses.

Oracle Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 54 cents per share, a rise of 5.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 57 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 54 cents during the last month. For the year, analysts are projecting profit of $2.25 per share, a rise of 5.6% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at net income of 53 cents per share versus a mean estimate of profit of 55 cents per share. In the first quarter, the company beat estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $9.03 billion in revenue this quarter, a rise of 2.5% from the year-ago quarter. Analysts are forecasting total revenue of $37.42 billion for the year, a rise of 4.4% from last year’s revenue of $35.85 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 23 analysts rating it as a buy, one rating it as a sell and 12 rating it as a hold.

A Look Back: In the second quarter, profit rose 17.2% to $2.19 billion (43 cents a share) from $1.87 billion (37 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 2.4% to $8.79 billion from $8.58 billion.

Key Stats:

The company has seen net income rise in three consecutive quarters. Net income rose 36.1% in the first quarter and 35.8% in the fourth quarter of the last fiscal year.

Revenue has increased in each of the past four quarters. Revenue rose 11.6% in the first quarter from the year earlier, climbed 13.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 36.9% in the third quarter of the last fiscal year.

Stock Price Performance: Between January 17, 2012 and March 14, 2012, the stock price had risen $2.18 (7.9%), from $27.66 to $29.84. The stock price saw one of its best stretches over the last year between April 18, 2011 and May 2, 2011, when shares rose for 10 straight days, increasing 8.1% (+$2.72) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 12.8% (-$4.21) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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