S&P 500 (NYSE:SPY) component salesforce.com, inc. (NYSE:CRM) will unveil its latest earnings on Thursday, November 17, 2011. Salesforce.com is a cloud computing company, which provides customer relationship management (NYSE:CRM) products to businesses. It offers a technology platform for Internet-based computing, storage, and connectivity solutions for customers and developers.
salesforce.com, inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 3 cents per share, a decline of 85% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 4 cents during the last month. For the year, analysts are projecting profit of 19 cents per share, a decline of 71.2% from last year.
Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 7 cents per share against the mean estimate of 3 cents. In the prior quarter, the company reported profit of 6 cents.
Wall St. Revenue Expectations: Analysts are projecting a rise of 33.2% in revenue from the year-earlier quarter to $571.4 million.
Analyst Ratings: Analysts are bullish on this stock with 25 analysts rating it as a buy, one rating it as a sell and eight rating it as a hold.
A Look Back: In the second quarter, the company swung to a loss of $4.3 million (3 cents a share) from a profit of $14.7 million (11 cents) a year earlier, but beat analyst expectations. Revenue rose 38.4% to $546 million from $394.4 million.
Key Stats:
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has aver! aged gro wth of 32.8%, with the biggest boost coming in the most recent quarter when revenue rose 38.4% from the year earlier quarter.
Salesforce.com, inc’s loss in the latest quarter followed profits in the previous three quarters. The company reported a profit of $530,000 in the first quarter, a profit of $10.9 million in the fourth of the last fiscal year and a profit of $21.1 million in the third quarter of the last fiscal year.
Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Oracle Corporation (NASDAQ:ORCL), Servicesource Intl. Inc (NASDAQ:SREV), SAP AG (NYSE:SAP), NetSuite Inc. (NYSE:N), Intl. Business Machines Corp. (NYSE:IBM), Pegasystems Inc. (NASDAQ:PEGA), LivePerson, Inc. (NASDAQ:LPSN), and Constant Contact, Inc. (NASDAQ:CTCT).
Stock Price Performance: During August 18, 2011 to November 11, 2011, the stock price had risen $15.81 (13.9%) from $114.06 to $129.87. The stock price saw one of its best stretches over the last year between November 17, 2010 and November 26, 2010 when shares rose for seven-straight days, rising 32.4% (+$35.68) over that span. It saw one of its worst periods between December 21, 2010 and December 31, 2010 when shares fell for eight-straight days, falling 5.1% (-$7.03) over that span. Shares are down $2.13 (-1.6%) year to date.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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