On Thursday, November 17th, Salesforce (CRM) will release its third quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of C.
Dave will look at Salesforce's past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Salesforce ahead of earnings.
Salesforce in Focus
Salesforce.com is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world's first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com's AppExchange directory. Customers can also take advantage of Successforce, salesforce.com's world-class training, support, consulting and best practices offerings.
Salesforce is expected to report earnings at $0.03 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 40% at $0.07 per share, beating estimates of $0.05 a share. They have an average earnings surprise of -33.75%.
SALESFORCE.COM Price, Consensus and EPS Surprise
How should investors play Salesforce ahead of their earnings report? For insights on the best options trades, then tune in at 1:00pm CST this afternoon to see David's thoughts.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells free >>
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.