Oracle Set to Release Q2 Earnings: What Investors Should Know

Anticipated Earnings After Market Close

Oracle Corp ORCL is scheduled to unveil its second-quarter earnings this coming Monday. Investors are expecting earnings per share (EPS) of $1.48 alongside revenue projections of $14.12 billion when the announcement is made after market hours.

Over the past year, Oracle shares have surged by 66.50%, with a notable increase of 53.97% in the last six months alone.

This article will explore the technical indicators for Oracle stock and how current prices position against Wall Street’s earnings expectations.

Oracle Shows Strong Bullish Momentum

Leading up to the earnings announcement, Oracle stock has demonstrated considerable bullish momentum. Currently, it is trading above its five-, 20-, and 50-day exponential moving averages, which suggests persistent buying interest.

Chart created using Benzinga Pro

Currently, the stock price of $192.54 is supported by key moving averages: the eight-day simple moving average (SMA) at $186.31, the 20-day SMA at $187.90, and the 50-day SMA at $179.53.

Further analysis shows that the moving average convergence/divergence (MACD) is at 2.87, indicating strong upward momentum. However, with a relative strength index (RSI) of 61.09, the stock is approaching overbought levels, prompting caution for traders in light of possible fluctuations following the earnings release.

Analyst Ratings and Price Targets

The current consensus rating for Oracle stock is a “Buy,” with a price target of $170.67. Recent evaluations from RBC Capital, Guggenheim, and Jefferies suggest a higher average price target of $201.67.

Current Stock Price Update

ORCL Price Action: At the time of publication on Monday, Oracle shares were priced at $189.60.

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