Is Oracle (ORCL) a 'Buy' Ahead of Fiscal Q3 Earnings Announcement?

Enterprise software giant Oracle ORCL is set to report fiscal third-quarter earnings results on Monday after the bell. Currently a Zacks Rank #4 (Sell) stock, Oracle exceeded the earnings mark in two of the past four quarters. But given a steep pullback in many AI-related stocks lately, is ORCL a buy?Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Q3 Zacks Consensus Estimate calls for earnings of $1.48 per share, reflecting a 4.96% improvement relative to the same quarter last year. Earnings estimates have declined slightly over the past 60 days.Oracle delivered a 1.73% average earnings surprise over the past four quarters. Sales are anticipated to have risen 8.12% to $14.36 billion during the third quarter.ORCL stock succumbed to the recent market volatility. Shares have plunged more than 20% from their November 2024 highs. Investors should proceed with caution heading into the announcement.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oracle Corporation (ORCL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks