Salesforce.com IncEarnings preview with expected revenue growth slowdown, but shares up and analyst targets above current price.
Salesforce is set to report its fiscal second-quarter earnings this Wednesday after market hours, with analysts expecting revenue to grow 10.7% year over year, a slowdown from the 13.3% growth reported last quarter. The company beat revenue expectations last quarter with $11.13 billion in revenue, but missed on billings estimates. Peers ZoomInfo and Freshworks have already reported Q2 results, with ZoomInfo beating revenue estimates by 2.7% and Freshworks topping by 1.6%. Salesforce shares are up 20.2% over the last month, and the average analyst price target is $243.98 compared to the current share price of $208.63.
Salesforce.com IncEarnings preview with expected revenue growth slowdown, but shares up and analyst targets above current price.
Freshworks IncMentioned as peer that beat revenue estimates, but no direct impact on Freshworks.
ZoomInfo Technologies Inc.Mentioned as peer that beat revenue estimates, but no direct impact on ZoomInfo.