PREVIEW: Salesforce dips with earnings due after the bell

Informatica

28/05/2025 17:33

** Salesforce CRM.N shares off 0.4% at $276.09 ahead of Q1 results due after the closing bell on Wednesday

** The cloud-software and customer relationship management technology company is expected to report adj EPS of $2.54 on revenue of $9.75 bln, per LSEG, data, vs yr-ago earnings of $2.44 per share and $9.13 bln in revenue

**  Salesforce has met or beaten EPS expectations in seven of the past eight quarters, with most recent miss in Q3 2024

** On Tuesday, CRM said it would acquire Informatica INFA.N for about $8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence market

** Of the 55 analysts that cover Salesforce Inc, the breakdown of recommendations is 43 "strong buy" or "buy," 10 "hold" and 2 "sell" or "strong sell" ratings

** Median analyst price target of $375 is unchanged from a month ago and down from $400 on Feb. 28

** CRM shares down ~17% YTD vs decline of 0.7% for Dow Industrials .DJI

** CRM options imply a 7.1% swing for the shares, in either direction on Thursday, per ORATS data; the stock has logged an avg move of 7.4% the day after results, over the last eight qtrs

 (Reporting by Chuck Mikolajczak, additional reporting by Saqib Ahmed)

 ((charles.mikolajczak@tr.com; @chuckmik.bsky.social))