Salesforce, Inc. (CRM) is set to release its first-quarter fiscal 2027 results on May 27. The company expects total revenues between $11.03 billion and $11.08 billion, with an estimated midpoint of $11.055 billion. This aligns closely with the Zacks Consensus Estimate of $11.06 billion, indicating a projected 12.5% increase year-over-year.
For the same quarter, Salesforce anticipates non-GAAP earnings per share of $3.11 to $3.13, with the Zacks Consensus unchanged at $3.12, reflecting a year-over-year rise of 20.9%. The company has beaten the Zacks Consensus Estimate in each of the last four quarters, averaging an 11.6% surprise.
Year-to-date, Salesforce shares are down 32.1%, compared to a 13.2% decline in the Zacks Internet – Software industry. The stock currently trades at a forward P/E of 12.95, well below the industry average of 26.43.
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