Salesforce has drawn heavy investor attention after its shares returned +20.7% over the past month, far outpacing the Zacks S&P 500 composite's -2% change, while the Zacks Internet - Software industry gained 1.2%. For the current quarter, Salesforce is expected to post earnings of $3.40 per share, a change of +4.6% from the year-ago quarter, with the Zacks Consensus Estimate up +4% over the last 30 days. The consensus earnings estimate of $16.31 for the current fiscal year indicates a year-over-year change of +30.3% and has risen +24.9% over the last 30 days, while the next fiscal year's consensus of $15.77 indicates a change of -3.4% and has moved +1.9% over the past month. Revenue estimates stand at $11.46 billion for the current quarter, $46.22 billion for the current fiscal year and $50.67 billion for the next, indicating changes of +11.7%, +11.3% and +9.6%, respectively. Salesforce reported revenues of $11.35 billion in the last reported quarter, up +10.8% year over year, with EPS of $5.9 versus $2.91 a year ago, beating the Zacks Consensus Estimate of $11.32 billion by +0.25% on revenue and by +80.43% on EPS, and it carries a Zacks Rank #3 (Hold) with a Value Style Score of C.
Salesforce.com IncSalesforce shares jumped 20.7% over the past month as consensus earnings estimates for the current quarter and fiscal year were revised sharply higher.
