Oracle (ORCL) reports its second quarter earnings on Tuesday, December 18, 2012.
Analysts are expecting Oracle to report earnings of 58 cents per share, up 9.4% from a year ago when it reported earnings of 53 cents per share.
The consensus estimate is down from three months ago when it was 59 cents, but is unchanged over the past month. Analysts are expecting earnings of $2.53 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $8.79 billion by 2.7%, finishing at $9.03 billion for the quarter. For the year, revenue is expected to come in at $38.29 billion.
For three consecutive quarters, the company's net income has increased. In the first quarter, net income rose 10.5% while it rose 7.6% in the fourth quarter of the last fiscal year and 18.1% in the third quarter of the last fiscal year.
A year-over-year drop in revenue in the first quarter broke a three-quarter streak of revenue increases. The 2.3% revenue decline in the most recent quarter can be compared with three quarters prior when it had been rising. It increased 1.3%in the fourth quarter of the last fiscal year, 3.1% in the third quarter of the last fiscal year and 2.4% in the second quarter of the last fiscal year.
The majority of analysts (58.8%) rate Oracle as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 55.1% buys. Analysts have grown increasingly optimistic about the stock in the last three months. The stock price has fallen 3.1% since September 14, 2012, from $32.95 to $31.94.
Earnings estimates provided by Zacks.
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