Salesforce (CRM) will report its results for the third-quarter on Wednesday, December 3rd, after market close.
Wall Street expects the cloud-based firm to post EPS of $2.86 (+18.7% Y/Y) and the consensus Revenue Estimate is $10.27B (+8.8% Y/Y).
Last quarter Salesforce beat estimates on both profit and revenue.
The company, during its Q2 earnings call, stated that it expects Q3 revenue of $10.24 billion to $10.29 billion.
Since then, Salesforce has been active in AI and acquisitions, partnering with Google, OpenAI and Anthropic, and buying Informatica, Spindle AI and Regrello. The company launched its Agentforce platform and raised growth targets. However, mixed guidance left some analysts cautious.
An analyst said Salesforce is expected to benefit from AI-driven growth, noting that “Current Remaining Performance Obligations should meet or exceed the guidance of slightly above 10% growth YoY provided by management, as this is the best indication of acceleration of future revenue growth.”
They added that the company’s partnerships and acquisitions could further boost revenue.
According to Seeking Alpha’s Quant Rating system, CRM has a Hold rating, while Wall Street analysts are broadly bullish rating the stock Buy.
Over the last two years, CRM has beaten EPS estimates 88% of the time and has beaten revenue estimates 75% of the time.
In the last three months, EPS estimates have seen 22 upward revisions and 14 downward. Revenue estimates have seen 11 upward revisions and 21 downward.
Salesforce shares have fallen nearly 9% over the past month and are down around 30% year-to-date.