Earnings and Growth Analysis : salesforce.com Stock Forecast, Price & News (NYSE:CRM)

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Earnings results for salesforce.com Stock Forecast, Price & News (NYSE:CRM)

Salesforce.com Inc is expected* to report earnings on 08/25/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.25.

salesforce.com last posted its earnings data on May 28th, 2020. The CRM provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The firm earned $4.87 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Its revenue for the quarter was up 30.2% on a year-over-year basis. salesforce.com has generated $1.02 earnings per share over the last year. salesforce.com has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on salesforce.com Stock Forecast, Price & News (NYSE:CRM)

39 Wall Street analysts have issued ratings and price targets for salesforce.com in the last 12 months. Their average twelve-month price target is $207.42, predicting that the stock has a possible downside of 0.50%. The high price target for CRM is $254.00 and the low price target for CRM is $150.00. There are currently 2 sell ratings, 3 hold ratings, 32 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus rating of “Buy.”

salesforce.com has received a consensus rating of Buy. The company’s average rating score is 2.87, and is based on 32 buy ratings, 3 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $207.42, salesforce.com has a forecasted downside of 0.5% from its current price of $208.46. salesforce.com has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: salesforce.com Stock Forecast, Price & News (NYSE:CRM)

salesforce.com does not currently pay a dividend. salesforce.com does not have a long track record of dividend growth.

Insiders buying/selling: salesforce.com Stock Forecast, Price & News (NYSE:CRM)

In the past three months, salesforce.com insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $143,843,531.00 in company stock. Only 4.40% of the stock of salesforce.com is held by insiders. 81.26% of the stock of salesforce.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of salesforce.com Stock Forecast, Price & News (NYSE:CRM

Earnings for salesforce.com are expected to grow by 32.74% in the coming year, from $1.13 to $1.50 per share. The P/E ratio of salesforce.com is -1,158.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of salesforce.com is -1,158.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. salesforce.com has a PEG Ratio of 10.24. PEG Ratios above 1 indicate that a company could be overvalued. salesforce.com has a P/B Ratio of 5.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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