Salesforce.com Inc (CRM) is set to release its third-quarter fiscal 2025 earnings on Tuesday, December 3, 2024. The company projects total revenues between $9.31 billion and $9.36 billion, with a midpoint of $9.335 billion.
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Expected Q3 Earnings Report of Salesforce.com Inc:
Salesforce also anticipates non-GAAP earnings per share (EPS) in the range of $2.42 to $2.44. The consensus estimates of $2.43 per share reflects a substantial 15.2% year-over-year growth. Notably, Salesforce has consistently surpassed the Zacks Consensus Estimate in its last four earnings reports, with an average surprise of 3.8%.
This aligns closely with the Zacks Consensus Estimate of $9.34 billion, which indicates a robust 7.1% increase compared to the same quarter last year.
Stock Target Advisor’s Analysis on Salesforce.com Inc:
According to Stock Target Advisor, Salesforce.com Inc enjoys a “Very Bullish” rating, driven by positive market signals and a favorable analyst outlook. The average target price set by 33 analysts is USD 323.34 for the next 12 months, with ratings strongly tilting towards “Buy.”
Salesforce has exhibited remarkable growth, particularly in its earnings, which have grown by 272.61% over the past five years, placing it in the top quartile of its sector. Its one-year capital gain stands at 26.92%, indicating strong performance relative to its peers. Recent stock movements reflect a monthly increase of 35.27%, demonstrating Salesforce’s resilience and appeal amid market fluctuations.
Conclusion:
As Salesforce prepares to unveil its Q3 earnings, the market eagerly anticipates results that could reinforce its position as a leader in the customer relationship management space. The company’s focus on generative AI integration and digital transformation solutions may be key contributors to its expected strong performance.
With analyst ratings overwhelmingly positive and a bullish outlook from Stock Target Advisor, Salesforce remains a compelling choice for investors looking for growth in the software application sector.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
