Salesforce Probably To Beat Earning Estimates
Salesforce is one of the miracle stories that permeated across the business world at an unimaginable speed. Its shares inflated by around 43 percent in the last year; its stock price climbed 3 percent in the just last few months. Investors worldwide have bet high expectations on it, and its upcoming Q4 report is perhaps one of the most awaited moments of the year. Q4 is forecasted to fetch Salesforce $0.33 per share, as per Zacks Consensus Estimates. The Expected Surprise Prediction (ESP) estimate from Salesforce is quite strong, and investors are just eyeing on the actual results. Over the last two periods, Salesforce has also matched the earnings estimates in 14 straight quarters and had beats of 5.41 percent and 6.45 percent.
The Earning ESP Screener can also be utilized by Zacks premium customers’ to search for stocks that are expected to bring in good returns. If Earnings ESP is paired with a Zacks rank or a better ranking, then that helps investors feel more confident about the potential of an earning beat. An analysis of trends for the last few years reveals that this process has produced a positive outcome almost over 70 percent of the times.
By Chris Tjotjos, VP, Cisco Solutions Practice, Black Box...
By Laura Jackson, Sr. Manager-Risk Management, ABS Consulting
By Jason Cradit, VP of Information Systems, Willbros Group
By Steve Garske, Ph.D., Senior Vice President & Chief...
By Roman Trakhtenberg, CEO, Luxoft
By Renee P Wynn, CIO, NASA
By Mike Morris, CIO, Legends
By Louis Carr, Jr., CIO, Clark County
By Andrew Macaulay, CTO, Topgolf Entertainment Group
By Dominic Casserley, President and Deputy CEO, Willis...
By Dave Nelson, SVP-Portfolio Lead, Avanade, Inc.
By Michael Cross, SVP & CIO, CommScope Holding Company Inc.
By Pauly Comtois, VP DevOps, Hearst Business Media
By Dan Adam, CIO, Extreme Networks
By Matt Schlabig, CIO, Worthington Industries
By David Tamayo, CIO, DCS Corporation
By Scott Cardenas, CIO, City and County of Denver
By Marc Kermisch, VP & CIO, Red Wing Shoe Co.
By Brian Drozdowicz, VP, Digital Services, Siemens...
By Les Ottolenghi, EVP and CIO, Caesars Entertainment