Oracle Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | September 09, 2024 08:10am

Oracle Corporation (NYSE:ORCL) will release earnings results for its first quarter fiscal year 2025, after the closing bell on Monday, Sept. 9.

Analysts expect the Austin, Texas-based company to report quarterly earnings at $1.33 per share, up from $1.19 per share. Oracle projects to report quarterly revenue of $13.24 billion for the quarter, according to data from Benzinga Pro.

On June 12, Oracle reported fourth-quarter revenue of $14.3 billion. It missed the consensus estimate of $14.554 billion, according to Benzinga Pro. Oracle reported fourth-quarter adjusted earnings of $1.63 per share, missing average analyst estimates of $1.65 per share.

Oracle shares fell 0.2% to $141.49 in after-hours trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company </em></a> in the recent period.

• Piper Sandler analyst Brent Bracelin maintained an Overweight rating with a price target of $150 on July 12. This analyst has an accuracy rate of 73%.
• Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating with a price target of $125 on June 25. This analyst has an accuracy rate of 75%.
• Deutsche Bank analyst Brad Zelnick maintained a Buy rating and raised the price target from $150 to $165 on June 17. This analyst has an accuracy rate of 71%.
• BMO Capital analyst Keith Bachman maintained a Market Perform rating and raised the price target from $142 to $160 on June 17. This analyst has an accuracy rate of 79%.
• Bernstein analyst Mark Moerdler maintained an Outperform rating and raised the price target from $159 to $171 on June 12. This analyst has an accuracy rate of 70%.

Considering buying ORCL stock? Here’s what analysts think:

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Posted In: ORCL