Salesforce.com Inc (NYSE:CRM) is reporting third quarter financial results on Tuesday 1st December 2020, After Market Close.
According to analysts surveyed by Thomson Reuters, CRM is expected to report 3Q21 income of $ 0.75 per share from revenue of $ 5250.44 million.
For the full year, analysts anticipate top line of $ 20800.40 million, while looking forward to income of $ 3.75 per share bottom line.
The Company Outlook
Earnings for 3Q21 are anticipated in a range of $ 0.73 ~ $ 0.74 per share, while revenues are expected in a range of $ 5,240.00 million ~ $ 5,250.00 million
Full Year 2021 topline are forecasted in a range of$ 20,700.00 million ~ $ 20,800.00 million, where as bottomline are predicted in a range of $ 3.72 ~ $ 3.74 per share
Click Here For More Historical Outlooks Of Salesforce.com Inc
Previous Quarter Performance
Salesforce.com Inc unveiled income for the second quarter of $ 1.44 per share, from the revenue of $ 5,151.00 million. The quarterly earnings raised 118.18 percent while revenues increased 28.87 percent compared with the same quarter last year.
Street analysts expected Salesforce.com Inc to report income of $ 0.67 per share on revenue of $ 4901.03 million for the second quarter. The bottom line results beat street analysts by $ 0.77 or 114.93 percent, at the same time, top line results outshined analysts by $ 249.97 million or 5.10 percent.
Stock Performance
Shares of Salesforce.com Inc traded low $ -1.29 or -0.52 percent on Monday, reaching $ 246.34 with volume of 18.97 million shares. Salesforce.com Inc has traded high as $ 247.63 and has cracked $ 236.12 on the downward trend
According to the previous trading day, closing price of $ 246.34, representing a 114.79 % increase from the 52 week low of $ 115.29 and a 12.96 % decrease over the 52 week high of $ 284.50.
The company has a market capital of $ 224.17 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by UBS Group at Buy rating, with $ 325.00 target price.
Conference Call
Salesforce.com Inc will be hosting a conference call at 5:00 PM eastern time on 1st December 2020, to discuss its 3Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.salesforce.com
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.
