Analysts forecast that salesforce.com, inc. (NYSE:CRM) will announce $7.23 billion in sales for the current quarter, according to Zacks. Twelve analysts have provided estimates for salesforce.com’s earnings, with the lowest sales estimate coming in at $7.22 billion and the highest estimate coming in at $7.23 billion. salesforce.com reported sales of $5.82 billion during the same quarter last year, which indicates a positive year over year growth rate of 24.2%. The firm is expected to report its next earnings results on Thursday, February 24th.
On average, analysts expect that salesforce.com will report full-year sales of $26.40 billion for the current financial year, with estimates ranging from $26.39 billion to $26.40 billion. For the next financial year, analysts forecast that the business will report sales of $31.75 billion, with estimates ranging from $31.70 billion to $31.80 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover salesforce.com.
salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, November 30th. The CRM provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.35. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.80 billion. salesforce.com had a return on equity of 5.71% and a net margin of 6.96%. salesforce.com’s revenue was up 26.6% on a year-over-year basis. During the same period last year, the company earned $1.27 earnings per share.
A number of analysts recently issued reports on CRM shares. Wells Fargo & Company restated a “buy” rating and issued a $340.00 price target on shares of salesforce.com in a research report on Thursday, October 21st. Monness Crespi & Hardt raised their price target on salesforce.com from $300.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, September 24th. The Goldman Sachs Group set a $360.00 target price on salesforce.com in a research report on Monday, November 29th. KGI Securities upgraded salesforce.com from a “neutral” rating to an “outperform” rating and set a $330.00 target price for the company in a research report on Thursday, August 26th. Finally, Loop Capital lifted their target price on salesforce.com from $265.00 to $275.00 and gave the stock a “hold” rating in a research report on Friday, September 24th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, salesforce.com has a consensus rating of “Buy” and a consensus price target of $325.23.
In other news, insider Srinivas Tallapragada sold 20,000 shares of the stock in a transaction on Tuesday, December 7th. The shares were …….
Source: https://www.marketbeat.com/instant-alerts/nyse-crm-consensus-analyst-rating-2021-12-2-3/