Oracle Corporation (ORCL) is poised to unveil its financial performance for the first quarter of fiscal year 2025 after the market closes on Monday, September 9th. Wall Street analysts are expecting a positive report, with estimates placing quarterly earnings at $1.33 per share, an increase from $1.19 per share in the previous quarter. Oracle is projecting quarterly revenue of $13.24 billion, according to data from Benzinga Pro. This comes after the company reported fourth-quarter revenue of $14.3 billion in June, slightly missing the consensus estimate of $14.554 billion. Adjusted earnings for the fourth quarter also fell short of expectations, reaching $1.63 per share compared to the average analyst estimate of $1.65 per share. Following the announcement, Oracle shares dipped by 0.2% to $141.49 in after-hours trading.
To provide investors with a broader perspective, here’s a rundown of recent analyst ratings for Oracle. Piper Sandler’s Brent Bracelin maintained an Overweight rating with a price target of $150 on July 12th. This analyst boasts a 73% accuracy rate. On June 25th, Morgan Stanley analyst Keith Weiss maintained an Equal-Weight rating with a price target of $125, demonstrating an accuracy rate of 75%. Deutsche Bank’s Brad Zelnick remained bullish, maintaining a Buy rating and raising the price target from $150 to $165 on June 17th. Zelnick has a 71% accuracy rate. BMO Capital’s Keith Bachman maintained a Market Perform rating and raised the price target from $142 to $160 on June 17th, with an accuracy rate of 79%. Lastly, Bernstein analyst Mark Moerdler maintained an Outperform rating and raised the price target from $159 to $171 on June 12th. Moerdler has a 70% accuracy rate.
While analysts are offering a mixed bag of opinions, investors will be looking closely at Oracle’s Q1 FY2025 earnings report for clues about the company’s future trajectory and its ability to navigate the evolving technology landscape.
