Oracle (NYSE:ORCL) reported its Q2 earnings results on Thursday, December 9, 2021 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Oracle beat estimated earnings by 9.01%, reporting an EPS of $1.21 versus an estimate of $1.11, which did not surprise analysts.
Revenue was up $560,000,000.00 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06, which was followed by a 2.81% drop in the share price the next day.
Here’s a look at Oracle’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.97 | 1.31 | 1.11 | 1 |
| EPS Actual | 1.03 | 1.54 | 1.16 | 1.06 |
| Revenue Estimate | 9.77B | 11.04B | 10.07B | 9.79B |
| Revenue Actual | 9.73B | 11.23B | 10.09B | 9.80B |
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 nextquarter.
This represents a -8.26% in quarter-over-quarter growth for Oracle, a bearish signal to many investors.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
