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Enterprise software giant Oracle Corporation (ORCL), which finally completed the deal to acquire Sun Microsystems, Inc. (JAVA), is scheduled to discuss its financial results for the second quarter of fiscal 2010 in a conference call Thursday, December 17, at 5:00 PM (ET). You can catch the live webcast of the call on the company's website.
The three months that ended in November saw Oracle deny that its proposed acquisition of Sun Micro would reduce competition and detailed its plans for Sun. Analysts surveyed by Thomson Reuters are looking for Oracle to report that earnings for the quarter rose two cents per share from a year ago to $0.36. Revenue is expected to the same as a year ago, or $5.7 billion.
Looking ahead, analysts expect fourth-quarter numbers to be about the same. This Redwood Shores, Calif. company has met or topped earnings estimates in recent quarters.
Oracle's long-term EPS growth forecast is 12.8%, which is better than that of Microsoft Corp. (MSFT). Oracle's earnings multiple is 14x, which is less than the industry average. The First Call consensus recommendation is to buy ORCL and has been for more than 90 days. The mean price target is $24.91. The Motley Fool called it a healthy company based on its metrics, as well as a better buy than rival SAP (SAP).
Shares have risen about 17% in the past six months and reached a new 52-week high of $23.46 on Wednesday.
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