Q: What is Salesforce.com 2024/Q3 Earnings Preview?
TigerGPT Answer: 【Forecast Data】
The financial forecast for Salesforce.com (CRM) for Q3 2024 is as follows:
- Earnings Per Share (EPS): $2.06
- Total Revenue: $8,715,430,860
- EBIT: $2,638,347,760
Compared to the same period last year (Q3 2023), the changes are:
- EPS: Increased by 47.14% (from $1.40)
- Total Revenue: Increased by 11.22% (from $7,837,000,000)
- EBIT: Increased by 48.52% (from $1,777,000,000)
The significant increase in EPS and EBIT indicates a strong growth in profitability. The steady increase in total revenue shows that the company's sales performance is improving.
【Quarterly Important News】
Key news related to Salesforce.com over the past quarter include:
1. The company's total revenue increased from $21.3 billion in FY2021 to $16.9 billion in FY2023, with a year-on-year growth of 11.4%. The operating income increased more than eight times to $1.9 billion. This shows a strong financial performance and profitability growth.
2. Salesforce.com was listed as one of the best stocks to buy now from a quality composite standpoint by Nasdaq.com, indicating a positive market sentiment towards the company.
3. The company's Vault CRM platform received a Buy rating from William Blair analyst Dylan Becker, indicating strong market adoption and potential future growth.
【Forecast Viewpoints】
Relevant articles on the company's financial report include:
- Salesforce Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
- Salesforce Inc expected to post earnings of $2.06 a share - Earnings Preview
- Salesforce (NYSE:CRM) Pops Up on New Amazon (NASDAQ:AMZN) Deal
【Stock Trend Analysis】
The company's stock price decreased by 12.64% over the past quarter. The latest stock price is $224.79 (as of 2023-11-28). The support price is $224.48 and the resistance price is $221.28. The analyst ranking is 10 recommend, 22 buy, 15 hold, 1 sell. The mean, low, and high target estimates are $253.56, $157.33, and $340.00 respectively.
【Options Large Order Analysis】
There are more call options than put options, indicating a bullish sentiment. The large volume of the "CRM 20231229 245.0 CALL" option suggests a high probability of the financial report exceeding expectations.
【Analyst Ratings and Target Price Forecast】
Based on analyst ratings and target prices, the company is currently undervalued. The financial report is expected to be positive.
【Comprehensive Conclusion】
Salesforce.com is expected to have a strong financial performance in Q3 2024, with significant growth in EPS and EBIT. The company's stock is currently undervalued, indicating a potential investment opportunity.
【Disclaimer】
The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
