Of 18 brokerages covering Fluence, 11 have a Buy or Strong Buy rating and six rate the stock at Hold. At a share price of around $15.30, the upside potential based on a median price target of $23.00 is 50.3%. At the high price target of $39.00, the upside potential is almost 155%.
Fourth-quarter revenue is forecast at $369.99 million, up 50.6% sequentially and by 92.3% year over year. Analysts are forecasting a loss per share of $0.28, much less than the prior quarter’s loss of $0.86, but more than double the year-ago loss of $0.13 in the fourth quarter. For the full 2023 fiscal year that ended in September, Fluence is expected to post a loss per share of $1.24, up from a loss in the prior year of $0.59, on sales of $1.1 billion, up 61.2%.
The company is not expected to post a profit in 2024, and its sales to EPS multiple for 2025 is 68.8 times expected earnings of $0.22 per share. The stock’s 52-week range is $4.96 to $36.70, and Fluence does not pay a dividend. Total shareholder return for the past year is negative 51.2%.
Oracle
Software and cloud-computing giant Oracle Corp. (NYSE: ORCL) has dropped about 9.8% from its share price over the past 12 months. Since reaching an all-time high in mid-December of last year, the share price has dropped by nearly 25%.
On Thursday, the Pentagon announced that Oracle, Microsoft and Amazon would share in a contract valued at around $9 billion to build the U.S. Defense Department’s Joint Warfighting Cloud Capability (JWCC), the successor to the $10 billion Joint Enterprise Defense Infrastructure (JEDI) modernization product that was awarded to Microsoft in 2019 and scrapped last year by the Biden administration after Oracle and Amazon protested the award. Stay tuned.
Of 31 analysts covering the stock, 10 have a Buy or Strong Buy rating and 19 have Hold ratings. At a share price of around $80.10, the upside potential based on a median price target of $82.50 is about 3%. At the high price target of $120.00, the upside potential is 49.8%.
Fiscal second-quarter revenue is forecast at $12.01 billion, up 5% sequentially and 15.9% higher year over year. Adjusted EPS are pegged at $1.17, up 14.1% sequentially and down 3.3% year over year. For the full 2023 fiscal year ending in May, current estimates call for EPS of $4.96, up 1.3%, on sales of $49.44 billion, up 16.5%. Oracle completed its $28 billion acquisition of Cerner in June, helping to account for its overall sales growth for the current fiscal year.
Oracle stock trades at 16.1 times expected 2023 EPS, 14.2 times estimated 2024 earnings of $5.65 and 12.1 times estimated 2025 earnings of $6.61 per share. The stock’s 52-week range is $60.78 to $106.34. The company pays an annual dividend of $1.28 (yield of 1.62%). Total shareholder return for the past year is negative 8.2%.
Originally published at 24/7 Wall St.
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