Salesforce.com (NYSE:CRM) reported its Q4 earnings results on Tuesday, March 1, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Salesforce.com beat estimated earnings by 12.0%, reporting an EPS of $0.84 versus an estimate of $0.75.
Revenue was up $1.51 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.35 which was followed by a 11.74% drop in the share price the next day.
Here's a look at Salesforce.com's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.92 | 0.92 | 0.88 | 0.75 |
| EPS Actual | 1.27 | 1.48 | 1.21 | 1.04 |
| Revenue Estimate | 6.80B | 6.24B | 5.89B | 5.68B |
| Revenue Actual | 6.86B | 6.34B | 5.96B | 5.82B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Salesforce.com management provided guidance for their next quarter, expecting earnings between $0.93 and $0.94 per share for the next quarter.
This represents a 11.31% in quarter-over-quarter growth for Salesforce.com, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
