Truly, the Sales/Billings quarterly totals tend to be pretty volatile — it is the smoothed out annual trends that matter most. Oracle will post a huge beat in one quarter, then come in way short the next. So it is hard to say what will come from tomorrow evening — with any certainty.
Several analysts have said that today’s decline in Oracle is driven by fears of a weak SpaceX IPO turnout — or a weak OpenAI one. I’m unconvinced. I think it is the “noise” expected, in Oracle’s own quarterly figures. We shall see — here is one rag’s report, from yesterday morning:
…Enterprise software giant Oracle will be announcing earnings results this Wednesday after market hours. Here’s what to expect.
Oracle beat analysts’ revenue expectations last quarter, reporting revenues of $17.19 billion, up 21.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA and billings estimates….
This quarter, the market is expecting Oracle’s revenue to grow 20.1% year on year, improving from the 11.3% increase it recorded in the same quarter last year. . . .
Wall Street analysts are expecting the company to report $1.96 in adjusted earnings per share, up from $1.70 the year before….
Recent options pricing suggests trading expect Oracle’s stock could swing up to 11% in either direction by the end of the week. A move of that magnitude from Monday’s close could see the tech firm’s stock rise to around $236, or slip back below $188….
Check back in about an hour — for more… color. Smile.
नमस्ते
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