Oracle: Q1 Earnings Insights - Oracle (NYSE:ORCL)

OracleORCL stock fell by 2.81% on Tuesday after the company reported their Q1 earnings results on Monday, September 13, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Oracle beat their estimated earnings by 6.19%, which did not surprise analysts.

Revenue was up $360,000,000 from the same period last year.

Last quarter the company beat on EPS by $0.23, which was followed by a 5.59% drop in the share price the next day.

Here's a look at Oracle's past performance and the resulting price change:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.97	1.31	1.11	1	0.86
EPS Actual	1.03	1.54	1.16	1.06	0.93
Price Change %	-2.81%	-5.59%	-6.53%	1.9%	-0.58%

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).

Oracle management provided guidance for their next quarter, expecting earnings between $1.09 and $1.13 per share for the second quarter.

This presents a 7.77% in quarter-over-quarter growth for Oracle, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.