) shares are lower Thursday afternoon heading into the company's
first-quarter 2013 earnings report, expected out after the market
closes. The company will be holding a conference call at 2:00pm PDT
(5:00pm EDT) today,
to go to the webcast.
Analysts currently expect earnings growth of 21.4 percent to 28
cents per share on revenue of $678.2 million. Numbers compare with
EPS of 43 cents reported in the last quarter.
Implied volatility on Salesforce.com is down about 1 percent to
62.7 percent, which is 175.8 percent above its trailing annual
average. Notably, Jun 12 135/140 calls (not the spread) are seeing
some higher volume.
Shares of Salesforce.com moved 33 percent higher through the
quarter to $155.73 at the end of April. In the same period last
year, the stock rose about 5 percent.
Data from Bloomberg has 32 analysts with a Buy rating on
Salesforce.com. three with a Hold, and five at Sell. The analyst
price target average is $172, ranging from $91 to $215.
The stock is trading about 3.5 percent above its 200-day daily SMA,
while the 50-day SMA is at $152.
Note: The company guided for revs of $673 million to $678 million
and non-GAAP EPS of 33 cents to 34 cents with its latest quarterly
- Goldman Sachs is looking for EPS of 34 cents on revs of $678
million. In terms of bookings, Goldman is expecting bookings to
come in below 30 percent, with only a slight chance to surpass
that mark based on "stronger European deal signings and
contributions from off balance sheet deferreds." Thus, bookings
should be about $634 million, in-line with guidance.
The firm sees deferred revenue of $1.34 billion, up 46 percent
from last year. Cash from operations should move 58 percent
higher to $221 million.
- Deutsche Bank sees EPS of 34 cents on revs of $677 million.
Its billings outlook was recently lowered from 30 percent down to
28 percent growth. Deutsche said despite the quarterly numbers,
Salesforce.com is becoming more than just a point solution
vendor, transitioning into a viable enterprise solution for
larger corporations. In addition, the suite is robust enough to
be introduced at the CEO level to cover all lines of business.
- Wells Fargo sees EPS of 34 cents and revs of $676 million,
with $1.33 billion in ending deferred revs.
Stay tuned to StreetInsider.com's
section to see our analysis of the highly-anticipated quarterly
results within seconds of their release. You can also check out
salesforce.com's past performance at Streetinsider's
salesforce.com's Income Statement