Citi updates on Oracle Corporation's ORCL EPS.
According to Citi, " EPS of $0.54 was positively impacted $0.03 by tax – $0.54 should really be looked at as $0.51, which compared to our $0.50 and street $0.50. Hardware impressively improved to 55% (versus our 53% estimate) and operating expenses were $100M lower than we modeled. GMs and OpEx were the drivers of upside."
ORCL has a Buy Rating and a $34.00 Price Target.
ORCL closed at $32.14 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in