Salesforce Inc (NYSE:CRM) looks to turn things around with shares trading near three-year lows when the company reports first-quarter financial results on Wednesday after market close.
Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch.
• Salesforce stock is trading at lower levels. What should traders watch with CRM?
Salesforce Q1 Earnings Estimates
Analysts expect Salesforce to report first-quarter revenue of $11.06 billion, up from $9.83 billion in last year’s first quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in seven of the past 10 quarters, including the most recently reported fourth quarter.
Analysts expect Salesforce to report earnings per share of $2.96 for the first quarter, up from $2.58 in last year’s first quarter.
The company has beaten analyst estimates for earnings per share in five straight quarters and in nine of the past 10 quarters overall.
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