The market is expecting a mixed earnings report from Oracle (ORCL), and the corporate technology company is set to release its 4th quarterly fiscal earnings report for 2024 on Tuesday, after the markets close.

It is expected that the cloud computing business will report $14.57 billion in earnings for the quarter. Even though the company is leaning heavily on AI tech to help its customers do even more, that hot niche for the tech market might not be enough to push the company to a revenue increase.

If Oracle’s earnings are in line with expectations, that would mean that the company has earned more this quarter than it did at the same time in 2023, but the company’s net income is down from this time last year. However, net income should be up from the previous quarter.  

Analysts anticipate that the earnings per share for the company’s stock will be down slightly to $1.17 compared to $1.9 last year. At the same time, that would be an increase from last quarter’s earnings per share, which were $0.32.

Where Will Oracle’s Stock Head?

We expect that Oracle will see a further stock price drop following the earnings report release. That should begin first thing Wednesday, after investors have had time to digest the company’s quarterly earnings.

What may cushion the blow of slightly favorable but still mixed data would be if Oracle were to use the press release as an opportunity to announce new tech and new initiatives. That could create a positive outlook for the next quarter and for the fiscal 2025 year.

Oracle may see some impact from today’s Fed release, which will show how the Consumer Price Index has affected inflation. The expectation is that inflation will still be shown to be holding strong and may have little to no indication of diminishing. That will make it tough for Oracle to keep its stock price high and encourage consumer confidence.