Salesforce.com Among Tech Stocks Set to Report Earnings

Read Trending Stories

Today's Trending Stocks

Click a Company to Research Now:

salesforce.com, inc. (NYSE:CRM) will unveil its latest earnings on Thursday, February 23, 2012. The average analyst estimate is for profit of 4 cents per share, a decline of 66.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 3 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 72.7% compared to last year’s 18 cents.

The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 7 cents per share versus a mean estimate of profit of 3 cents per share. Analysts are projecting a rise of 36.3% in revenue from the year-earlier quarter to $622.9 million.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Oracle Corporation (NASDAQ:ORCL), Servicesource Intl. Inc (NASDAQ:SREV), SAP AG (NYSE:SAP), NetSuite Inc. (NYSE:N), Intl. Business Machines Corp. (NYSE:IBM), Pegasystems Inc. (NASDAQ:PEGA), LivePerson, Inc. (NASDAQ:LPSN), and Constant Contact, Inc. (NASDAQ:CTCT).

Autodesk, Inc. (NASDAQ:ADSK) will unveil its latest earnings on Thursday, February 23, 2012. The average analyst estimate is for net income of 38 cents per share, a rise of 40.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 37 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting profit of $1.39 per share, a rise of 41.8% from last year.

The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 36 cents per share versus a mean estimate of profit of 34 cents per share. On average, analysts predict $584.3 million in revenue this quarter, a rise of 10.7% from the year-ago quarter. Analysts are forecasting total revenue of $2.21 billion for the year, a rise of 13.3% from last year’s revenue of $1.95 billion.

Competitors to Watch: Parametric Technology (NASDAQ:PMTC), ANSYS, Inc. (NASDAQ:ANSS), Adobe Systems Incorporated (NASDAQ:ADBE), Dassault Systemes S.A. (DASTY), Cimatron Ltd. (NASDAQ:CIMT), Synopsys, Inc. (NASDAQ:SNPS), Mentor Graphics Corp. (NASDAQ:MENT), Oracle Corporation (NASDAQ:ORCL), Google Inc. (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT).

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

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!

Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.

Click here now for your FREE trial to our acclaimed flagship newsletter:

Learn More

Advertisement:
Improve your Investing Portfolio with Wall St Cheat Sheet Premium

Intelligent Investing

Wall St. Cheat Sheet Premium

Tired of wasting time and money sifting through the noise on TV, websites, and Twitter? Get winning stock picks now.

Gold & Silver Premium

Join Chicago Mercantile Exchange commentator Eric McWhinnie as he covers Gold & Silver for you.

Commodities Premium

Commodities are heating up. This is an investment newsletter you'll need to win in the bull market.

Wall St. Cheat Sheet has been featured in these fine media outlets: