Oracle(NYSE:ORCL) stock fell by 2.81% on Tuesday after the company reported their Q1 earnings results on Monday, September 13, 2021 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Oracle beat their estimated earnings by 6.19%, which did not surprise analysts.
Revenue was up $360,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.23, which was followed by a 5.59% drop in the share price the next day.
Here’s a look at Oracle’s past performance and the resulting price change:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|
| EPS Estimate | 0.97 | 1.31 | 1.11 | 1 | 0.86 |
| EPS Actual | 1.03 | 1.54 | 1.16 | 1.06 | 0.93 |
| Price Change % | -2.81% | -5.59% | -6.53% | 1.9% | -0.58% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Oracle management provided guidance for their next quarter, expecting earnings between $1.09 and $1.13 per share for the second quarter.
This presents a 7.77% in quarter-over-quarter growth for Oracle, a bullish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.