Oracle Shares Drop 4.6% to $141 as EPS Forecasts Rise 15.6%
Oracle shares plunged 4.57% to $141.31 in the latest session, underperforming the S&P 500’s 1.04% decline and extending a 16.42% year-to-date loss. Consensus forecasts call for next-quarter EPS of $1.70 (+15.65% YoY) on $16.89B revenue (+19.54%), with a forward P/E of 19.87 and PEG ratio of 1.04.
1. Market Performance
Oracle shares fell 4.57% to $141.31 in the latest trading session, significantly underperforming the S&P 500’s 1.04% drop. This decline extends the stock’s year-to-date loss to 16.42%, trailing the Computer and Technology sector’s 0.34% gain and the S&P 500’s 1.75% gain prior to today’s trading.
2. Upcoming Quarterly Forecasts
Consensus estimates project Oracle to earn $1.70 per share next quarter, a 15.65% increase year-over-year, on revenue of $16.89 billion, up 19.54%. Annual consensus anticipates $7.45 EPS (+23.55%) and $66.94 billion revenue (+16.62%), with EPS estimates revised up 0.63% over the past month.
3. Valuation and Industry Ranking
Oracle trades at a forward P/E of 19.87, above the Computer-Software industry average of 16.72, implying a premium valuation. Its PEG ratio of 1.04 compares favorably to the industry average of 1.5, and the Computer-Software industry ranks in the top 36% across over 250 industry groups.