3 Years Ago
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What to watch out for in CRM's upcoming earning report:
Salesforce.com Inc (CRM) reports earnings on August 24. Lets take a closer look at how the stock is currently trading.
Analysts are estimating Salesforce.com Inc will report an EPS (earnings per share) of
$1.03, -$0.01 on GAAP basis, on revenue of $7.70B on Wednesday. Over the last 90 days, analysts have lowered estimates 34 times and raised them only 3 times.
Salesforce.com Inc bulls will obviously be hoping that the earnings report beats the analysts' estimates. But they'll also want to hear that the earnings beat was on higher than expected revenues. Finally, they'll want the company to paint a picture that leads analysts to conclude this is just the start of an exciting growth story.
Bears, on the other hand, will look to pounce if the company misses on EPS, Revenues, or future guidance. They will look to push a negative growth story for the stock in the coming quarters, and will gain more traction in a generally down market as opposed a market that is generally trending upwards.
Regardless of which side of the fence you're on, it's important to note that sometimes the company's earnings report plays less of a role in moving the price than the analysts' estimates. This can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report.
Shares of CRM were trading at $191.06 as of August 16. Over the last 52-weeks, shares are down -38.71%. A larger percentage here can mean investors have a stronger bullish or bearish outlook on the stock.
Analysts are estimating Salesforce.com Inc will report an EPS (earnings per share) of
$1.03, -$0.01 on GAAP basis, on revenue of $7.70B on Wednesday. Over the last 90 days, analysts have lowered estimates 34 times and raised them only 3 times.
Salesforce.com Inc bulls will obviously be hoping that the earnings report beats the analysts' estimates. But they'll also want to hear that the earnings beat was on higher than expected revenues. Finally, they'll want the company to paint a picture that leads analysts to conclude this is just the start of an exciting growth story.
Bears, on the other hand, will look to pounce if the company misses on EPS, Revenues, or future guidance. They will look to push a negative growth story for the stock in the coming quarters, and will gain more traction in a generally down market as opposed a market that is generally trending upwards.
Regardless of which side of the fence you're on, it's important to note that sometimes the company's earnings report plays less of a role in moving the price than the analysts' estimates. This can be caused by a change in the analysts' estimates based on the Q&A from the conference call with management discussing the earnings report.
Shares of CRM were trading at $191.06 as of August 16. Over the last 52-weeks, shares are down -38.71%. A larger percentage here can mean investors have a stronger bullish or bearish outlook on the stock.
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