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Oracle Corporation (NYSE:ORCL) shares are on watch Monday ahead of the company’s first-quarter earnings set to be released after the closing bell.
The Details:
Investors will be watching Oracle's cloud service revenue amid growing AI demand and previously announced deals with OpenAI and Google. Analysts expect the company to report quarterly earnings of $1.32 per share on revenue of $13.23 billion, according to estimates from Benzinga Pro.
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According to data from Benzinga Pro, Oracle stock has gained over 20% in the last 12 months and is trading above its 50-day moving average of $138.64. Investors can gain exposure to the stock via Pacer Funds Pacer Data And Digital Revolution ETF (NYSE:TRFK) and IShares Expanded Tech-Software Sector ETF (BATS:IGV).
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Oracle's revenue has grown at an average rate of 7.12% annually over the past 5 years. The average 1-year price target from analysts is $149.74, representing an expected 5.81% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Oracle have seen an annualized return of 18.35%, outperforming the S&P500 index by 11.98%. This compares to 17.63% growth in the overall Information Technology sector. Oracle has a beta of 1.15.
ORCL Price Action: According to Benzinga Pro, Oracle shares are down 0.47% at $142.47 at the time of publication Monday.
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