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.
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