Oracle Corp (NYSE: ORCL) has reported earnings for its fourth fiscal quarter (ending May 31) of $1.14 versus $1.23 for the same period a year ago — a decline of -7%. This performance was $-0.51 short of the consensus estimate of $1.65. For the latest four quarters through May 31, E.P.S. were $3.82 versus $3.15 for the same period a year ago — an increase of 21%.
Recent Price Action
Oracle Corp (NYSE: ORCL) stock declined slightly by -0.5% on 6/11/24. The stock closed at $123.88. Moreover, this decline was accompanied by exceptionally high trading volume at 256% of normal. The stock has performed in line with the market over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
ORCL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Oracle has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Oracle has a slightly positive Power Rating of 62 and a very high Appreciation Score of 97, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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