Oracle Corporation (ORCL) : Q116 Earnings Whisper

Oracle Corporation (ORCL) is set to announce its Q1/16 earnings after the market close on Wednesday, September 16. Analysts expect the software development company to report earnings per share of $0.52 and revenue of $8.53 billion. That would be $0.26 lower the $0.78 per share posted last quarter and $0.10 lower the $0.62 posted in the Q1/15. Revenue is projected to be $70 million lower than the $8.6 billion posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.52 per share.

As a quick reminder, ORCL reported Q415 EPS of $0.78, $0.09 lower than the Street’s consensus estimate of $0.87. Revs decreased 5.56% year-over-year to $10.7 billion versus the $10.95 billion consensus.

Oracle Corporation, currently valued at $166.51 billion, has a median Wall Street price target of $47.50 with a high target of $52.00. Approximately 8 million shares have already changed hands in today’s Nas session, compared to the stock’s average daily volume of 16.59 million.

In the past 52 weeks, shares of Redwood City, California-based company have traded between a low of $35.14 and a high of $46.71 with the 50-day MA and 200-day MA located at $38.30 and $41.61 levels, respectively. Additionally, shares of ORCL trade at a P/E ratio of 2.14 and have a Relative Strength Index (RSI) and MACD indicator of 53.76 and +0.70, respectively.

ORCL currently prints a one year loss of 5.34% and a year-to-date loss of around 15%.

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