Salesforce has become one of the most searched-for stocks on Zacks.com, with shares returning +13.1% over the past month versus the Zacks S&P 500 composite's +1.3% change, while the Zacks Internet - Software industry gained 13.4% over the same period. The company is expected to post earnings of $3.42 per share for the current quarter, a year-over-year change of +5.2%, and the Zacks Consensus Estimate has moved +3.9% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $16.58 indicates a year-over-year change of +32.4% and has risen +24.8% over the past 30 days, while the next fiscal year's consensus estimate of $15.88 indicates a change of -4.2% and has moved +2.7% over the past month. Consensus sales estimates stand at $11.46 billion for the current quarter, $46.24 billion for the current fiscal year and $50.7 billion for the next, indicating year-over-year changes of +11.7%, +11.4% and +9.6% respectively. Salesforce last reported revenues of $11.35 billion, up +10.8% year over year, with EPS of $5.9 versus $2.91 a year ago, a revenue surprise of +0.25% and an EPS surprise of +80.43% against the Zacks Consensus Estimate, and the stock carries a Zacks Rank #3 (Hold) and a Zacks Value Style Score of B.
Salesforce.com IncRising consensus earnings estimates and strong EPS/revenue surprises support the stock's outlook.
