Oracle Corp. (ORCL) Stock – September 14 Earnings Prediction

• ORCL stock gained 46.64% YTD and 59.66% in a year. 
• Oracle Corp. will release a Q3 earnings report on September 14, 2023. 

2023 has been a good year for Oracle Corp. as ORCL stock rallied 46.64% YTD, and investors are excited about September 14 earnings. Oracle is leveraging the buzz surrounding artificial intelligence backed by its core competency in cloud computing. The tech giant has been surpassing EPS estimates repeatedly. Hence, market experts and investors are excited about the upcoming earnings. 

Oracle Corp. (ORCL) Stock – Financial Analysis and Earnings Prediction

The projected fair value based on free cash flow equity for ORCL stock is $140. The current trading value of $120.93 makes it fairly valued. Its earnings growth over the past years has surpassed the industry expectations. The total debt is $95.33 Billion, and earnings and cash flows cover dividends.  

ORCL earnings for the quarter are expected to be $1.15, wobbling from $1.13 to $1.24 per share. Considering the data of the last 12 months, the company surpassed the earnings estimations 75% of the time. Sales forecast is $12.44 Billion in the range of $11.90 Billion to $12.57 Billion. Sales also beat the expected value 75% of the time in the last 12 months. 

Oracle Corp. (NASDAQ: ORCL) stock gained 3.92% weekly, 13.22% in three months, 36.80% in six months, 46.64% YTD, and 59.66% in a year. 

Oracle Corp. (ORCL Stock) – Technical Analysis

ORCL stock, at press time, is trading at $120.93, gaining 0.45%; previous close and open were at $120.39 and $121.01, respectively. The 52-week range is from $60.78 to $127.54, hinting that a strong push could create new highs. With an average volume of 8.43 Million shares, the market cap is $328.235 Billion. 

The trailing twelve-month (TTM) price-to-earnings (P/E) ratio is 39.39, suggesting a slightly high-valued stock price. The (TTM) earnings per share (EPS) is $3.07, hinting financial strength. Analysis placed a price target at $120.24 with a 0.6% downside and provided a 2.57 rating for moderate buy. 

Oracle reported Q2 earnings on June 12, 2023, where the reported earnings of $1.67 per share surpassed the expected value of $1.581 per share by 5.63%. At the same time, the reported revenue of $13.8337 Billion exceeded the estimated value of $13.738 Billion by 0.72%. This positive earnings led ORCL stock to gain 18.45% during the release. 

Compared to the previous quarter, the EPS gained 8.44% while the revenue jumped by 16.86%. The subsequent earnings will be released on September 14, 2023, where the estimation for revenue is $12.437 Billion, while EPS shall be $1.15. The (TTM) revenue is $49.95 Billion, and the year-over-year (YoY) quarterly revenue growth is 16.90%. 

Oracle Corp. (ORCL Stock) – Candle Exploration

Oracle stock has had a bullish momentum since the start of 2023. However, the profit booking after the 52-week high caused the share price to consolidate in the base formation range. The ascending 200 and 50EMA hint at a price jump, and a slight break from the range is visible but it might not be sustained. 

The price might touch the 52-week high, but it must be strong enough to cross $130.00. If there is a price drop, it might not cross the immediate support at $104.74. With RSI at 60.47 moving sideways, it does not provide any suggestions. Experts think the price might continue consolidating in the range for some time. 

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