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Oracle (NYSE: ORCL), the multinational technology corporation, is set to report its fiscal fourth quarter 2024 financial results after the market closes on June 11, 2024.
Analysts and investors eagerly await Oracle’s performance update as the company navigates the transition from its legacy database business to cloud and AI-driven solutions. With a strong track record in recent quarters, the market anticipates positive results from the tech giant for the quarter.
Analysts Expect Oracle’s Fiscal Q4 Revenue to be $14.5 Billion, $1.34 EPS
Analysts project Oracle’s revenue for the firm’s fiscal Q4 2024 to be $14.56 billion, with a consensus EPS forecast of $1.34. Operating income is expected to reach $6.65 billion, representing an 8% year-over-year growth.
The company’s fiscal fourth quarter is typically one of its strongest, as evidenced by the impressive results in Q3 2024, which saw revenue growth of 7%, operating income growth of 12%, and EPS growth of 16%.
Oracle’s cloud infrastructure business has been a key driver of growth, with the Oracle Cloud Infrastructure (OCI) backlog growing 29% year-over-year and the remaining performance obligation (RPO) increasing by 29% to $80 billion.
Oracle’s recent partnerships with Microsoft (NASDAQ: MSFT) and Palantir Technologies (NYSE: PLTR) in the AI space have garnered significant attention. The company has demonstrated strong cloud infrastructure revenue growth, with a 49% year-over-year increase reported in the February-ending quarter.
Analysts expect Oracle to announce new cloud infrastructure customers and provide updates on existing contracts. CEO Safra Catz is also anticipated to share the company’s fiscal year 2025 guidance, with projected sales growth of 8.5% to $57.8 billion.
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Oracle’s Recent Results
Oracle has a history of beating earnings estimates in recent quarters. In Q3 2024, the company reported revenue growth of 7%, operating income growth of 12%, and EPS growth of 16%.
The Q2 2024 results showed an EPS of $1.12 against a consensus forecast of $1.09, while Q1 2024 saw an EPS of $1.05, in line with the consensus forecast. Oracle’s stock performance has been strong, with shares gaining 20% overall this year.
As of 10:50 AM EDT on June 11, 2024, Oracle’s stock price is $123.90, down 0.48% from the previous close. The company’s market capitalization stands at $340.595 billion, with a 52-week range of $99.26 to $132.77.
Oracle’s Key Metrics and Financial Health
Oracle’s financial health remains robust, with a trailing P/E ratio of 32.85 and a forward P/E ratio of 19.92. The company’s price/sales ratio is 6.67, boasting a profit margin of 20.27%. Oracle’s return on equity (ROE) is an impressive 498.45%, indicating strong profitability.
The company’s total revenue (TTM) stands at $52.51 billion, with a net income (TTM) of $10.64 billion. Oracle has a total cash position of $9.9 billion and a total debt/equity ratio of 1,423.16%. The company’s levered free cash flow is $12.08 billion, providing ample liquidity for growth and investment opportunities.
Do you think Oracle will be able to beat expectations? Let us know in the comments below.
Disclaimer: The author does not hold or have a position in any securities discussed in the article.
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