Oracle Future and Past Financial Performance
Estimated QE February 2012 Earnings per Share (Non-GAAP)
Yahoo Finance Analysts Estimates: $0.56 avg, $0.53 low, $0.58 high, 36 analysts
Prior Quarter: $0.54
Prior Year: $0.54
Oracle Outlook: $0.55 to $0.58
Prior QE November 2011 Financial Results (GAAP) When Oracle reports financial results, the company is expected to meet, beat, or miss various prior quarterly results. These prior quarterly financial results were:
Total Revenues $8.79B
Operating Income $3.11B
Net Income $2.19B
Earnings per Share $0.43
Oracle EPS Outlook: $0.43 to $0.46
Cash Flow per Share $2.56
Gross Profit Margin 77.75%
Operating Income Margin 35.38%
Net Income Margin 24.93%
Summary (GAAP) Overall, the QE February 2012 is expected to be a slightly better quarter with a small increase in Earnings per Share QoQ and YoY. Oracle should beat QoQ and YoY on Total Revenues, Operating Income, Net Income, Earnings per Share and probably Cash Flow per Share. Oracle should meet QoQ and YoY for Gross Margin, Operating Margin, and Net Margin. A miss on any margins would be a concern. The prior quarterly review is below.
Oracle Reports QoQ and YoY Earnings Increase: Revenues, Net Income, EPS Up
Oracle Summary QE November 2011 Oracle may have disappointed investors, but it was still a decent quarter and just below guidance. The QE November can be an intermediate peak for Oracle on the annual cycle. This current QE November was a strong peak, but not a breakout quarter. Financial performance improved QoQ and YoY: total revenues, operating income, net income, earnings per share, cash flow per share, gross margin, operating margin, and net margin all increased QoQ and YoY. The biggest performance concern is the decreasing annual YoY growth rates in total revenues and earnings per share. These are now down to +2.45% and +16.22%, respectively. The biggest position negative has been the debt. This continues at 20% of total assets, down from a peak of 26% for the QE August 2010. Financial position continues as adequate capital with moderate debt and reasonable liquidity.
Oracle Income Statement QE November 2011 Oracle reported total revenues of $8.79 billion, net income of $2.19 billion, and earnings per share of $0.43. From the prior quarter QE August 2011, total revenues were up +4.99%, net income up +19.13%, and earnings per share up +19.44%. From the prior year QE November 2010, these were up +2.45%, up +17.22%, and up +16.22%, respectively. Gross margin (see note below), operating margin, and net margin were up QoQ and YoY at 77.75%, 35.38%, and 24.93%, respectively. Cash flow from operations of $2.56 was up QoQ and YoY. The operating expense ratio (operating expenses divided by total revenues) of 42.37% was down QoQ and YoY. [Note: Oracle does not report a gross profit, but includes some allocated cost of revenues in operating expenses as line items. For this analysis, these allocated cost of revenues have been reclassified as cost of revenues and operating expenses are therefore the commonly reported line items of most companies. The gross profit reviewed is not a true gross profit. Operating margin and net margin are not affected by this reclassification.]
Oracle Balance Sheet QE November 2011 Oracle's total assets decreased -1.28% QoQ to $72.91 billion from the prior quarter of $73.86 billion. The capital to assets ratio of 57.97% is a multi-year high. The current ratio of 52.78% is about at the historical average. The return on assets of +13.17% is historically very strong and has increased for 5 consecutive quarters. Total debt is flat at 20% of total assets. Oracle Outlook Oracle estimates QE February 2012 GAAP earnings per share of $0.43 to $0.46 and Non-GAAP EPS of $0.55 to $0.58. This would be flat to a small increase QoQ and YoY for both GAAP and non-GAAP.
Oracle Financial Performance by the Quarters Oracle Earnings Per Share Current Earnings per Share of $0.43 are up +19% QoQ and up +16% YoY. The prior peaks have been the QE May 2011, 2010, and 2009 of $0.62, $0.46, and $0.38, respectively. The lows have been the QE August 2011, 2010, and 2009 of $0.36, $0.27, and $0.22, respectively. The QE May is the strongest quarter and the QE August is the weakest quarter for Oracle. These peaks and lows indicate an annual cyclical nature to Oracle's business. The chart high has been $0.62 for the QE May 2011 and the chart low has been $0.22 for QE August 2009. The EPS chart average is $0.35. Read full articel
For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment