Earnings Report Preview | Q4 Revenue, EPS Expected to Increase YoY, Will Salesforce Stock Hit a New High?
Salesforce is set to announce its fourth-quarter earnings after the U.S. stock market closes on Wednesday. Wall Street expects Salesforce's Q4 revenue to increase by 2% year-on-year to $8.52 billion, with adjusted earnings per share expected to rise by 24% to $2.09. Salesforce has been focusing its recent investments on enhancing its artificial intelligence capabilities to meet the growing demand in the widespread use of AI applications. The company had an impressive $1.37 billion in free cash flow at the end of the third quarter, which should help support its investment activities and explore new opportunities. The company's proactive cost-cutting measures have begun to yield the expected results, driving profit margin growth. Salesforce's stock price has been steadily rising in recent months, currently hovering near its historical high in 2021. With analysts' optimistic expectations, the stock seems poised to break through the $300 mark in the coming weeks, reaching new highs. Salesforce's third-quarter performance announced at the end of November showed a year-on-year revenue growth of 11% to $8.72 billion, in line with expectations; adjusted earnings per share were $2.11, surpassing the analyst's average expectation of $2.06.
Zhitong App has learned that Salesforce will announce its fourth-quarter performance after the U.S. stock market closes on Wednesday. Wall Street expects Salesforce's Q4 revenue to increase by 2% YoY to $8.52 billion, with adjusted earnings per share expected to rise by 24% YoY to $2.09.
Salesforce's recent investments have been focused on enhancing its artificial intelligence capabilities to meet the growing demand in the widespread use of AI applications. The company had an impressive $1.37 billion in free cash flow at the end of the third quarter, which should help in investing in business and exploring new opportunities. The company's proactive cost-cutting measures have begun to yield the expected results, driving profit margin growth.
Salesforce's stock price has steadily risen in recent months, currently hovering near its historical high in 2021. With analysts' optimistic expectations, the stock seems poised to break through the $300 mark in the coming weeks, setting a new record high.
Salesforce's third-quarter performance announced at the end of November showed a 11% YoY increase in Q3 revenue to $8.72 billion, in line with expectations; adjusted earnings per share were $2.11, surpassing the analyst's average expectation of $2.06.