Carly Forster

About the Author Carly Forster

Content Manager at TipRanks. Earned a Bachelor of Arts Degree with a Major in Communications at the University of California, San Diego.

Looking Ahead of Wall Street: Oracle, Adobe, Nike


By Carly Forster

Three big companies are set to announce their financial earnings this coming week. What should investors watch for?

Oracle Corp. (NYSE: ORCL):

Oracle Corp. is scheduled to announce its third quarter 2015 financial results on Tuesday, March 17th after market close. The company is expected to post earnings of $0.69 a share, up from $0.64 a share the same quarter a year prior. Oracle is expected to post $9.51 billion in revenue, marking a potential 2% increase year-over-year.

Oracle finally beat earnings estimates last quarter by 1 cent after missing earnings estimates by 2-4 cents for the prior three consecutive quarters. Investors are hoping that Oracle will beat estimates again, though the company is expected to take a hit from foreign exchange headwinds from earlier this year.

Since 2012, Oracle has been supporting their stock with increased share buybacks and in 2014, Oracle insiders sold a total of $9.3 million worth of shares. Oracle’s shares reached a record high after its last earnings report and Insiders took advantage of this by selling even more shares.

New license revenue and cloud software subscription revenue will be the focus this quarter as investors are looking to see if Oracle is benefitting from its shift into cloud computing.

On average, the top analyst consensus for Oracle on TipRanks is Moderate Buy.

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Adobe (NASDAQ: ADBE):

Adobe is slated to announce its first quarter earnings report on Tuesday, March 17th after market close. The company is expected to post $0.39 earnings per share, up from $0.16 earnings per share the same quarter last year. Analysts also expect Adobe to post $1.08 billion in revenue, marking a potential 8.5% increase year-over-year.

Adobe’s stock has more than doubled from mid-2012 to early 2014 after over a decade of mediocre results. Over the past four consecutive quarters, Adobe has beaten analysts’ estimates by 2-7 cents. Investors are hoping that the company will continue this pattern.

Investors will also be looking for an update on its user growth supported by its creative cloud subscription service and digital marketing platform in addition to its hardware business.

On average, the top analyst consensus for Adobe on TipRanks is Strong Buy.

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Nike, Inc. (NYSE: NKE):

Nike is set to announce its third quarter fiscal 2015 on Thursday, March 19th after market close. The company is expected to post earnings of $0.85 a share, up from $0.76 the same quarter a year prior. Analysts also expect the athletic retailer to post $7.65 billion in revenue, marking a potential 9.8% increase year-over-year.

Nike has continued to do a great job keeping up with competitors such as Lululemon, The Gap, and Under Armour despite having faced a few setbacks late last year. Additionally, Nike has beaten analyst estimates for the past four consecutive quarters.

According to an article posted on BusinessInsider on March 7th, a study of 442 NBA players revealed that Nike and its subsidiary, Jordan, control about 72% of the basketball shoe market. Investors expect the company’s revenue from basketball to continue to stay strong.

However, Nike makes more than half of its sales outside the United States, so foreign exchange headwinds are expected to have an impact on the company’s overall third quarter earnings.

On average, the top analyst consensus for Nike on TipRanks is Moderate Buy.

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Carly Forster writes about stock market news. She can be reached at Carly@tipranks.com

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