Salesforce.com (NYSE:CRM) is scheduled to announce Q4 earnings results on Wednesday, March 1st, after market close.
Amid customers undergoing digital transformation, Q4 demand is seen higher likely to benefit the company’s top and bottom line; consensus EPS Estimate is $1.36 (+61.9% Y/Y) and the consensus Revenue Estimate is $7.99B (+9.2% Y/Y).
Growth in top line seems to be slower as businesses become more stringent with their spending and cutback their budgets; however the company has managed to push the bottom like with measures like cost cutting, reducing workforce.
Results are likely to see headwinds from factors like forex, drop in software spending by small medium businesses amid macro economic uncertainty.
Over the last 2 years, CRM has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 29 upward revisions and 4 downward. Revenue estimates have seen 8 upward revisions and 28 downward.
The company set these strategic goals:
YTD, the stock gained 21.6%.
Of the 53 Wall Street Analysts covering the stock, 27 analysts rate it a Strong Buy while 12 rate it a Buy; Average Quant rating stands at Strong Buy while average SA Authors rating stands at Hold.
Recent earnings Analysis from our contributors: Salesforce: Is The Stock A Buy Before Q4 Earnings? (Technical Analysis, Rating Downgrade)